Savers who pay tax on interest will pay 24% at the basic rate, 44% at the higher rate and 49% at the top rate from next April, MoneySavingExpert's Martin Lewis says in his Budget verdict.
Those rates match what the Telegraph, City AM and MoneyWeek reported before the Budget. They have not yet been checked against the Budget documents.
Lewis said frozen income tax thresholds are "the biggest single tax rise we've had for years". OBR documents show the threshold freeze raises £58bn by 2030-31. That has not been compared with the Budget's other tax measures, so his claim has not been independently checked.
According to MoneySavingExpert, the personal allowance is set to stay at £12,570 until at least April 2031. Lewis also said the Plan 2 student loan threshold freeze goes ahead, telling the Independent and Yahoo: "no news here, fiscal drag (and double fiscal drag for plan 2 students) stays".
He said the new First Time Buyer ISA launches in April 2029 and will be a "much simpler product" than the Lifetime ISA. He said he was "delighted" by the Lifetime ISA penalty cut.
Brit Brief reports a new rule so that low-income state pensioners do not pay income tax when the full state pension exceeds the personal allowance next year. This has not been checked against the Budget documents.