In the Budget announcement, The Mirror has compiled a list of important dates when significant changes will take effect.
– Alcohol prices will increase as alcohol duty is set to rise by 3.66% starting February 2026.
– Rail fares in England will remain frozen until 2027 after a previous increase earlier this year.
– The two-child benefit cap under Universal Credit or Tax Credits will be removed from April 2026.
– The state pension will rise by 4.8% in April 2026, with the full new state pension increasing to £241.30 per week.
– DWP benefits, including Universal Credit standard allowance, will see an increase in April 2026.
– Car tax rates will rise in April 2026 along with RPI inflation.
– Energy bills are expected to reduce by £150 from April 2026.
– Minimum wage is set to increase to £12.71 per hour for workers aged 21 and over from April 2026.
– NHS prescription costs will be frozen at £9.90 per item.
– The 5p per litre fuel duty cut will end in September 2026.
– The annual cash ISA limit will decrease to £12,000 for under-65s from April 2027.
– Tax rates on savings interest and property interest will increase from April 2027.
– Student loan repayment threshold will be frozen from April 2027.
– Pensions will be subject to Inheritance Tax from April 2027.
– A mansion tax surcharge will apply to homes worth more than £2 million from April 2028.
– A new tax on electric vehicle usage will be implemented from April 2028.
– The Help to Save scheme will become permanent from 2028.
– The freeze on tax thresholds will end in April 2031, potentially affecting more workers with higher tax brackets.