The quiet expansion of savings income tax: Why 2027 is closer, and costlier than it looks

From April 2027, savings and property income will be taxed more heavily. Dividend tax rates have already risen. Together, they represent a steady expansion of savings income tax that advisers should have on their planning radar. Here's what matters and why it deserves attention now. Savings income: Wider scope, higher drag ‘Tax on savings' sounds straightforward, but in practice it captures far more than bank interest. The rules extend to deeply discounted securities, Treasury bills, life policy gains, interest distributions from some types of fund, and even ‘dry' tax charges on und...