Right here is every thing it’s worthwhile to enable you carry on prime of your funds within the New Yr
Annually there are various necessary cash dates which we have to take note of. However nonetheless necessary they appear it may be troublesome to maintain observe of all of them.
As 2026 approaches there are extra dates coming which can have an effect on thousands and thousands of individuals throughout Wales and the remainder of the UK. The dates embrace the annual uplift of state pensions and advantages beneath the triple lock assure, rises to inheritance tax and dividend tax, and the launch of a vaping levy.
The Welsh Authorities can be as a result of publish its remaining finances within the New Yr whereas a brand new Native Progress Fund for Wales will start in April. For money-saving suggestions signal as much as our Cash publication right here.
Sharing quite a lot of UK key cash dates the top of private finance at Hargreaves Lansdown, Sarah Coles, stated: “Nothing ever stands nonetheless on this planet of private finance – besides revenue tax thresholds after all. And as we transfer on from the finances and into 2026 we’ll have a complete host of adjustments to get used to.
“Subsequent yr we’ll must become familiar with every thing from important inheritance tax adjustments to a brand new tax and new types of regulation for a booming kind of borrowing. It is value being conscious of all of those, and throughout key dates that matter yearly, so we are able to keep on prime of our funds.”
That can assist you put together and carry on prime of your private funds we have put all the important thing cash dates affecting Wales and the UK in a single place under.
January 1 – power value cap adjustments (additionally April 1, July 1, and October 1)
- Annual payments for a mean person will rise 0.2% in January and are anticipated to rise much more in April. It’s value making an allowance for that this isn’t a hard and fast cap on probably the most you possibly can pay: it’s a cap on costs for the common person. In the event you burn by extra power, or reside in a big or draughty home, you possibly can see costs rise even additional.
January 20 – Welsh Authorities publishes its finances
The Welsh Authorities will publish its remaining finances for 2026-27. This doc contains the ultimate native authorities settlement and units the ultimate charges for the landfill disposals tax (LDT). A debate and vote will observe on January 27.
January 31 – Self-assessment deadline
- Some 732,498 individuals filed their tax return on January 31, 2025 – the final doable day. Leaving it to the final minute means you danger working out of time to verify the main points so it’s key to begin the method as early as doable to guard your self.
February 1 – Alcohol obligation
- Alcohol obligation can be uprated with the RPI measure of inflation.
March 11 – Council finances deadline
- Welsh native authorities are legally required to set their budgets and council tax charges for the 2026-27 monetary yr earlier than March 11.
April 1 – Welsh Authorities new monetary yr
- The brand new monetary yr for the Welsh Authorities and native authorities begins.
April (date to be confirmed) – New Native Progress Fund for Wales begins
- A brand new Native Progress Fund for Wales is ready to start with an Funding Plan for Wales revealed earlier than this date.
April 1 – Two-child profit cap is axed
- The 2-child cap prevents households on common or baby tax credit score from receiving funds for a 3rd or subsequent baby born after April 2017. The UK Authorities will take away the two-child restrict inside common credit score from April 2026.
April 1 – Enterprise charges revaluation
- The Valuation Workplace Company uprates the values of greater than two million companies and non-domestic properties each three years. These values are used to calculate payments for companies, which can be revealed on December 31.
April 1 – Council tax rises
April 1 – Automobile tax rises in keeping with RPI
April 1 – TV licence price rises
- That is set to rise with inflation. The precise determine has not been confirmed nevertheless it’s anticipated to rise from £174.50 to round £180.
April 1 – Minimal wage rise comes into impact
- The Nationwide Dwelling Wage will enhance by 4.1% to £12.71 per hour. The Nationwide Minimal Wage for 18-20-year-olds will enhance by 8.5% to £10.85 per hour and for 16-17-year-olds and apprentices by 6% to £8 per hour.
April 1 – Water payments rise
- The typical invoice is ready to rise. Particulars can be launched in December 2025.
April 1 – New power value cap comes into impact
- That is at present forecast to rise, partly as a result of new infrastructure costs are set to be imposed.
April 1 -Air passenger obligation adjustments are available in
- These sometimes rise with RPI however will see larger rises as a result of up to now the forecast stage of RPI has been decrease than the precise stage so a barely bigger rise will make up the hole. The upper charges on bigger personal jets will rise by an additional 50%.
April 5 – Finish of the tax yr
- That is the deadline to make use of your ISA and pension allowances for 2025-26 and to benefit from annual tax allowances, together with your capital positive aspects tax allowance.
April 6 – Begin of the brand new tax yr
- Earlybirds will take as a lot benefit as doable of their annual tax allowances and put cash into ISAs and SIPPs.
April 6 – Inheritance tax hike
- Agricultural property reduction and enterprise property reduction cuts come into impact. From this level when somebody dies inheritance tax will apply after the primary £1m of enterprise and agricultural belongings. There can be 50% reduction at an efficient charge of 20%. This can even apply to qualifying AIM shares, which beforehand fell out of your property when you had held them for at the least two years.
April 6 – The dividend tax charge can be hiked
- It is going to rise from 8.75% to 10.75% for basic-rate taxpayers and 33.75% to 35.75% for higher-rate taxpayers after adjustments had been introduced within the Funds.
April 6 – Tax reduction on Enterprise Capital Belief (VCT) is reduce
- The tax reduction on VCTs can be reduce from 30% to twenty%.
April 6 – New state pension and advantages charges come into impact
- New state pension charges for the tax yr 2026-27 come into impact. They’ll rise 4.8% in keeping with wage knowledge due to the triple lock. This implies somebody on a full new state pension will see their weekly cost rise to £241.30 per week. Somebody on the total fundamental state pension will see their weekly cost boosted to £184.90 per week.
- Jobseekers’ allowance, housing profit, and common credit score and different advantages additionally rise on this date. For common credit score the essential commonplace allowance will rise whereas extra well being funds will fall.
Could 31 – Deadline for issuing P60s
That is the primary day that many workers can simply submit their tax returns for the earlier tax yr.
July 31 – Cost on account deadline
- Self-employed individuals must make advance funds in the direction of their tax invoice.
September 14 – First day to say winter gas cost
- Pensioners can be paid mechanically in the event that they acquired it in 2025 and are nonetheless eligible. New claimants can begin from this date. Those that wish to declare by cellphone should wait till October.
October 1 – a brand new tax on vaping and an increase within the charges on tobacco
- A brand new obligation can be charged on vaping merchandise at £2.20 per 10ml of vaping liquid. On the identical time there can be a one-off rise in tobacco obligation so individuals nonetheless have an incentive to modify. This was introduced within the 2024 spring Funds by Jeremy Hunt.
October 5 – Deadline to register for self-assessment
October 21 – Inflation figures
- These are used as a part of the triple lock for subsequent April’s state pension and for uprating working age and incapacity advantages.
October 31 – Deadline to file paper self-assessment tax return
- Individuals are overwhelmingly submitting self-assessment tax returns on-line however those that favor to do it on paper will want their returns to reach with HMRC by this date.
November 26 – tobacco obligation rises
- Responsibility charges on all tobacco merchandise will enhance by RPI inflation plus two proportion factors – that is along with the one-off rise in October.
