Virtus Financial Planning explains the 2026 UK bank tax rise
The temporary banking surcharge rises to 6% until March 2028, funding energy support. S&P Savings and property income taxes also increase by four points from April 2027.
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Financial planning and wealth management firm
virtusfp.co.ukLast updated
In short: Virtus Financial Planning analyzed the 2026 Budget, pension tax changes and market effects of the Iran conflict.
The temporary banking surcharge rises to 6% until March 2028, funding energy support. S&P Savings and property income taxes also increase by four points from April 2027.
The article clarifies that cash ISA limits, capital gains rates, and pension tax relief remain stable despite earlier rumors. It notes a reduction in business asset disposal relief.
The article outlines key fiscal measures taking effect between 2027 and 2029, including higher savings tax rates, reduced capital gains relief, pension inheritance tax shifts, and new first-time buyer incentives.
The team includes Nils Mathias Nessim, Miles, Fran, and Julie. They look forward to building on their success with clients.
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