Registered Pensions (Table B)
2026/27 £60,000
2025/26 £60,000
Annual Allowance (AA)
Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600. The AA is usually reduced by £1 for every £2 by which relevant income exceeds £260,000, down to a minimum AA of £10,000. The AA can also be reduced to £10,000, where certain pension drawings have been made. The maximum tax-free pension lump sum is £268,275 (25% of £1,073,100), unless a higher amount is “protected”. Car and Fuel Benefits (Table C) Cars Taxable benefit: List price multiplied by chargeable percentage. CO 2 emissions Electric range 2026/27 All cars 2025/26 g/km Miles % % 0 N/A 4 3 1-50 >130 4 3 1-50 70 - 129 7 6 1-50 40 - 69 10 9 1-50 30 - 39 14 13 1-50 <30 16 15 51-54 N/A 17 16 Then a further 1% for each 5g/km CO 2 emissions, up to a maximum of 37%. Diesel cars that are not RDE2 standard suffer a 4% supplement on the above figures but are still capped at 37%. Car Fuel Where employer provides fuel for private motoring in an employer-owned car, the CO 2 -based percentage from above table is multiplied by £28,200 in 2025/26. This figure is increasing by 3.8% in 2026/27. National Insurance Contributions 2026/27 (Table D) Class 1 (Employees) Employee Employer Main NIC rate 8% 15% No NIC on first £242pw £96pw Main rate charged up to* £967pw no limit 2% rate on earnings above £967pw N/A Employment allowance per qualifying business N/A £10,500 *Nil rate of employer NIC on earnings up to £967pw for employees aged under 21, apprentices aged under 25 and ex-armed forces personnel in their first twelve months of civilian employment. Employer contributions (at 15%) are also due on most taxable benefits (Class 1A) and on tax paid on an employee’s behalf under a PAYE settlement agreement (Class 1B). Class 2 (Self-employed) Flat rate per week if profits below £12,570 (voluntary) £3.65
Class 3 (Voluntary) Flat rate per week
£18.40
Class 4 (Self-employed) On profits £12,570 – £50,270
6%
On profits over £50,270 2% Employees with earnings above £129 per week and the self-employed with annual profits over £7,105 (or who pay voluntary Class 2 contributions) can access entitlement to contributory benefits.
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AUTUMN BUDGET 26 NOVEMBER 2025
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