Cancel the 2% Increase in Tax on Savings Interest scheduled for April 2027

Petitions/Cancel the 2% Increase in Tax on Savings Interest scheduled for April 2027

StatusOngoing

Opened13 Jul 2026

Closes—

Government response—

Parliamentary debateNot eligible

Milestones—

The tax rates on income from savings interest are scheduled to increase by 2% from April 2027 on all rates. This will take the basic rate of tax from 20% to 22%. We object to this 2% raise on all rates from April 2027 and call on the Government to cancel this scheduled increase.

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