🎉 Big Money Changes Coming in 2026! Here’s What You Need to Know! 💷📝
Hey everyone! Brace yourselves because 2026 is around the corner, and it’s packed with loads of financial changes that you won’t want to miss. Here’s a quick run-through of what’s going to impact your wallet 📅👛:
🗓 Key Dates & Changes:
– **January 1:** Energy price cap adjustments mean potential increases, so keep an eye on your energy usage!
– **January 31:** Get your self-assessment tax return in early to avoid last-minute stress.
– **April 1:** Big changes! The two-child benefit cap is no more, business rate reshuffles, council tax, car tax, and TV licence fee increases are on the horizon.
– **April 6:** Inheritance tax changes kick in, and watch out for a hike in the dividend tax rate.
– **October 1:** A new tax on vaping products will be introduced alongside another rise in tobacco duty.
Major movements in pensions and benefits are also coming due to the triple lock guarantee, which means a nice boost in your weekly payments for state pensions.
Sarah Coles from Hargreaves Lansdown noted, “Nothing ever stands still in the world of personal finance – except those tax thresholds, of course!” Wise words to keep in mind as we prep for these adjustments.
Feeling overwhelmed? 😬 You’re not alone, but remember these dates and changes so you can budget and plan efficiently. It’s all about staying prepared and informed! The earlier you start, the smoother the transition will be. 💪
Got questions or looking for money-saving tips? Let’s chat below!👇💬 Stay ahead of the game and ensure you’re setting yourself up for a financially savvy 2026! 🙌💼