- Salary & tax
- Data
Fiscal drag: how frozen thresholds raise tax without a rate rise
HMRC projects 7.70 million higher-rate taxpayers in 2026 to 2027, up from 4.43 million in 2021 to 2022, while the thresholds have not moved.
Published
Money Insights
What a change to tax, savings or household money means for you, explained with official data and worked examples, with every source listed. Our calculators answer the everyday questions; these articles look at one change or one set of figures at a time.
Show articles on
- Savings & benefits
- Update
Savings tax and cash ISA changes from April 2027: who is affected
Interest above your allowances will be taxed at 22%, 42% or 47%, and most savers under 65 will be able to pay £12,000 a year into cash ISAs.
Published · Updated