The UK government has announced that income tax thresholds will be frozen until 2031. This means any pay rises could push workers into higher tax bands. Dividend tax rates will also rise in April 2026, affecting investors outside ISA allowances. Tax returns will move to a quarterly reporting schedule, while the Jan. 31 deadline remains. Taxes are expected to increase by nearly £30 billion by the end of the decade, with changes to ISA allowances, savings tax rates, and mandatory quarterly reporting for self-employed individuals coming into effect in the coming years. UK financial advisors will be busy navigating these changes and helping clients with long-term planning. Other changes include increases in the state pension, National Living Wage, and remote gaming duty, along with freezes in certain thresholds until 2031.
Read more at Morningstar: Your UK Tax Calendar for 2026 and Beyond: Key ISA Changes
