2026-UK-Budget | Skybound Wealth

Start with what the changes mean for you

The UK Budget of 28 October 2026 brought announcements affecting savings income, rental property, pensions and business owners. They have different start dates, and the impact depends on your circumstances.

Whether you live in the UK, are based overseas or are planning a future return, a review can help you understand which points are relevant to your financial plans.

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Five points worth a closer look

A summary of selected measures. Some remain subject to legislation or consultation.

Higher tax on savings and rental income

Rates of 24%, 44% and 49% have been announced for UK-taxable savings and property income from 6 April 2027. The property rates apply in England, Wales and Northern Ireland; Scotland has a separate tax framework.

The £20,000 cash ISA limit stays

The limit remains within the overall annual adult ISA allowance. Non-UK residents generally cannot make new subscriptions, although existing ISAs can usually be retained. Their tax treatment overseas depends on where you live.

Pension inheritance tax is still coming

For deaths on or after 6 April 2027, most unused pension funds and certain pension death benefits will enter UK inheritance tax scope. Your inheritance tax status, estate value, applicable exemptions and allowances remain important.

A separate change to pension death benefits

For relevant payments from 28 October 2026, certain otherwise tax-free benefits following a death before age 75 will no longer be taxed solely because the two-year deadline was missed. Other conditions and allowances still apply. This does not reverse the inheritance tax reform.

Business sale relief is changing

The Budget announced a reduction in the Business Asset Disposal Relief lifetime limit from £1 million to £500,000 for qualifying disposals from 6 April 2027. A new 10% Founders’ Relief is proposed for qualifying founders and early investors, subject to consultation and final legislation.

Shil Shah

Group Head of Tax Planning

Shil Shah is Skybound Wealth’s Group Head of Tax Planning and a Private Wealth Adviser, based in London. He works with clients who live global lives, executives, entrepreneurs, families and professionals who want clear, confident guidance on their wealth, their tax position and the decisions that shape their future.

Shil’s Budget analysis brings specialist tax insight to the announcements. Our team can help you consider the points that matter to your savings, investments, pensions and wider financial plans, taking account of where you live and what you want to achieve.

Start with your plans and priorities.

Consider UK and overseas rules together

Identify what may warrant further review.

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Personal planning, backed by Skybound Wealth

Our team works with British expatriates and internationally mobile individuals to help them understand their options and plan for the future. We bring financial planning and consideration of cross-border tax issues together around your circumstances.

7,000

international clients & growing

1.7

Billion

of client savings under management

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With a passion for personal and professional development that exists throughout the company, and comprehensive development support, we empower our people to be the very best they can be as we strive as a collective to not only remain at the forefront of international financial planning, but to lead its evolution.

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Your post-Budget questions, answered

Get clear answers to key post-Budget questions, exploring how changes to taxes, pensions, savings, investments and allowances could affect your finances, and what they may mean for your personal financial plans.