From April 2027, both will pay an extra 4% in income tax on money they receive as savings interest above their personal allowance, and rent they receive from tenants.
Savers and landlords hammered with income tax raid in Budget as Healey ratchets up Reeves' hike by another 2%
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‹ OLDERWhat's NOT in the Budget? Healey kicks tough decisions on cutting benefits and funding defence down the road in safety-first Budget that could pave the way for early electionNEWER ›Kemi says UK collapsing under the weight of welfare as Healey refuses Budget cut to handouts with soaring bill on course to pass £430bn a year
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