The major money changes in 2026 affecting your finances including new state pension age and vape tax
Numerous financial changes are coming in 2026, including adjustments to the state pension age, new taxes on vaping, and increases to energy prices and various benefits.Summary
The year 2026 will bring significant financial changes impacting UK citizens. Chancellor Rachel Reeves’ Autumn Budget outlined adjustments to tax, benefits, and pensions, including scrapping the two-child benefit cap. Key changes include a rise in the energy price cap in January, increases to the London congestion charge, and the first interest rate decision of the year in February. Car finance compensation schemes will begin, and minimum wage will increase. Benefit and state pension rates will be adjusted in April, alongside changes to inheritance tax and the introduction of a new vape tax. Furthermore, the state pension age will rise, and a fee will be introduced for travel to EU countries. HMRC will move towards digital communication, and rail fares will remain frozen until 2027, while prescription charges will also be frozen.
(Source：Manchester Evening News)
