Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact of increasing taxes on (1) dividend income, (2) savings income, and (3) salary sacrifice pension contributions on (a) tax receipts, and (b) the number of taxpayers in each tax band.

In 2029-30 changes to taxation of dividend income are expected to raise £1.3bn, and changes to taxation of savings income are expected to raise £0.5bn. In 2029-30 changes to salary sacrifice pension contributions are expected to raise £4.8bn.

The exchequer impact of the tax changes outlined can be found in Table 4.1, rows 50 to 52, of the Budget 2025 document available here:
https://www.gov.uk/government/publications/budget-2025-document

Impacts on taxpayers can be found in the corresponding Tax Information and Impacts Note available at the following links:

https://www.gov.uk/government/publications/income-tax-changes-to-tax-rates-for-property-savings-and-dividend-income/income-tax-changes-to-tax-rates-for-property-savings-and-dividend-income

https://www.gov.uk/government/publications/salary-sacrifice-reform-for-pension-contributions-effective-from-6-april-2029