From MoneyWeek · · 1m 40s
2026 Autumn Budget Tax Changes
Chancellor John Healey's tax hikes and savings reforms spark reader concerns.
In brief
Chancellor John Healey's tax hikes and savings reforms spark reader concerns. Chancellor John Healey announced tax hikes on savings interest and property income, with 48% of MoneyWeek readers calling the 2026 Autumn Budget 'left much to be desired'. Originally reported by MoneyWeek.
2026 Autumn Budget Overview
Chancellor John Healey announced tax hikes on savings interest and property income from next year.
Tax Changes for Savers
The chancellor scrapped cash isa reform due April 2027 and raised tax rates on savings interest and property income.
Reader Poll Results
48% of MoneyWeek readers said the 2026 Autumn Budget left much to be desired, while 24% called it catastrophic.
Minimum Wage Tax Impact
Rachael Griffin explained that higher minimum wages may lead to more tax due because tax thresholds haven't risen with wages.
Student Loan Interest Rates
Student loan interest rates remain frozen until 2030, with some relief for future repayments.
Pension Credit Changes
Pension credit increases by 3.9% in April 2027 but remains tax-free for recipients.
Help to Buy ISA Limits
Help to buy isa property price limit remains at £250,000, preventing government bonuses for first-time buyers.
Lifetime ISA Options
Lifetime isa offers 25% government bonus up to £1,000 per year until age 50, with property limits of £450,000.
Student Loan Repayment Impact
Students on plan 3 loans face longer repayment periods and higher interest due to extended debt terms.
Budget Reactions
48% of readers felt the 2026 Autumn Budget left much to be desired, with 24% calling it catastrophic.
The short version
Chancellor John Healey announced tax hikes on savings interest and property income, with 48% of MoneyWeek readers calling the 2026 Autumn Budget 'left much to be desired'.
