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In this special bonus episode of The Pension Confident Podcast, we cover some of the key changes from the new 2025/26 tax year and what they could mean for you and your finances.

Tune in as our host, Philippa Lamb and Financial Journalist and Founder of Much More With Less, Faith Archer, cover the various changes made, including:

• the National Living Wage;
• frozen income tax bands;
• Statutory Sick Pay; and
• the State Pension.

Episode Breakdown:

01:09 The start of a new tax year

04:03 Increased pay for employees and costs for employers

06:20 Frozen income tax and personal tax-free allowance thresholds

07:55 The State Pension and Winter Fuel Payment

11:18 Changes to Statutory Sick Pay, alongside overhaul of benefits systems

12:38 Increased Statutory Parental Pay and free nursery hours

Further reading, listening and watching:

To learn more about the new tax year and your personal allowances, check out these articles, podcasts and videos from PensionBee:

• Episode transcript (Blog)
• E18: How to not run out of money in retirement (Podcast)
• E11: How to prepare for a happy retirement (Podcast)
• Adoption leave and adoption pay (Article)
• Am I ready for a baby? (Article)
• Average childcare costs (Article)
• Help with childcare costs (Article)
• Maternity leave and maternity pay (Article)
• Paternity leave and paternity pay (Article)
• Pension credit (Article)
• Shared parental leave and pay (Article)
• What disability benefits can I claim? (Article)
• What does the Autumn Budget 2024 mean for your pension? (Blog)
• What is the State Pension? (Article)

Other useful resources:

• A budget hitting employers and the well off (Much More With Less)
• Adoption leave and adoption pay (GOV.UK)
• Inflation Calculator (PensionBee)
• Maternity leave and maternity pay (GOV.UK)
• Paternity leave and paternity pay (GOV.UK)
• Shared parental leave and pay (GOV.UK)
• Statutory Sick Pay (SSP) (GOV.UK)
• The Retirement Living Standards (Pensions and Lifetime Savings Association)

Catch up on the latest news, read our transcripts or watch on YouTube:

• The Pension Confident Podcast
• The Pension Confident Podcast on YouTube

Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

Follow Faith Archer (@MuchMoreWith Less) on LinkedIn, Facebook and X.