diff --git a/changelog_entry.yaml b/changelog_entry.yaml
index 57c710168..bc1321db8 100644
--- a/changelog_entry.yaml
+++ b/changelog_entry.yaml
@@ -1,5 +1,4 @@
 - bump: minor
   changes:
-    added:
-      - Two child limit repeal from April 2026 (Autumn Budget 2025) - sets UC and Tax Credits child element limit to infinity
-      - Salary sacrifice pension cap of £2,000 from April 2029 (Autumn Budget 2025)
+    fixed:
+      - Fix fiscal year parameter handling to use April 30 reference date for annual queries, ensuring policies that change on April 6 (UK fiscal year start) are correctly reflected in simulations.
diff --git a/policyengine_uk/tax_benefit_system.py b/policyengine_uk/tax_benefit_system.py
index e76cddbd9..245ee428d 100644
--- a/policyengine_uk/tax_benefit_system.py
+++ b/policyengine_uk/tax_benefit_system.py
@@ -4,12 +4,17 @@
 from typing import Any, Dict, List
 
 # PolicyEngine core imports
+from policyengine_core import periods
 from policyengine_core.parameters.operations.propagate_parameter_metadata import (
     propagate_parameter_metadata,
 )
 from policyengine_core.parameters.operations.uprate_parameters import (
     uprate_parameters,
 )
+from policyengine_core.parameters.parameter_node_at_instant import (
+    ParameterNodeAtInstant,
+)
+from policyengine_core.periods import Instant, Period
 from policyengine_core.taxbenefitsystems import TaxBenefitSystem
 from policyengine_core.variables import Variable
 
@@ -32,6 +37,7 @@
 )
 from policyengine_uk.utils.parameters import (
     backdate_parameters,
+    convert_instant_to_fiscal_year,
     convert_to_fiscal_year_parameters,
 )
 
@@ -66,6 +72,56 @@ def reset_parameter_caches(self):
             parameter._at_instant_cache = {}
         self.parameters._at_instant_cache = {}
 
+    def get_parameters_at_instant(
+        self, instant: Instant
+    ) -> ParameterNodeAtInstant:
+        """
+        Get parameters at an instant, with UK fiscal year adjustment.
+
+        The UK fiscal year runs April 6 to April 5. When querying for a year
+        (e.g., "2026" or January 1, 2026), this method converts the instant
+        to April 30 of that year to get the correct fiscal year value.
+
+        This ensures that queries like param("2026") return the value for
+        fiscal year 2026/27 (April 6, 2026 - April 5, 2027) rather than
+        the January 1, 2026 value.
+
+        Args:
+            instant: The instant to query, as string, int, Period, or Instant
+
+        Returns:
+            ParameterNodeAtInstant with all parameter values at that instant
+        """
+        # Convert to Instant if needed
+        if isinstance(instant, Period):
+            instant = instant.start
+        elif isinstance(instant, (str, int)):
+            instant = periods.instant(instant)
+        else:
+            assert isinstance(
+                instant, Instant
+            ), f"Expected Instant, got: {instant}"
+
+        # Apply UK fiscal year conversion
+        # If querying January 1 of a year, convert to April 30 to get
+        # the fiscal year value (UK tax year starts April 6)
+        instant_str = str(instant)
+        fiscal_instant_str = convert_instant_to_fiscal_year(instant_str)
+        fiscal_instant = periods.instant(fiscal_instant_str)
+
+        # Use fiscal instant for cache key and lookup
+        parameters_at_instant = self._parameters_at_instant_cache.get(
+            fiscal_instant
+        )
+        if parameters_at_instant is None and self.parameters is not None:
+            parameters_at_instant = self.parameters.get_at_instant(
+                str(fiscal_instant)
+            )
+            self._parameters_at_instant_cache[fiscal_instant] = (
+                parameters_at_instant
+            )
+        return parameters_at_instant
+
     def reset_parameters(self) -> None:
         """Reset parameters by reloading from the parameters directory."""
         self._parameters_at_instant_cache = {}
diff --git a/policyengine_uk/tests/test_fiscal_year_parameters.py b/policyengine_uk/tests/test_fiscal_year_parameters.py
new file mode 100644
index 000000000..f9e0b5351
--- /dev/null
+++ b/policyengine_uk/tests/test_fiscal_year_parameters.py
@@ -0,0 +1,190 @@
+"""
+Tests for UK fiscal year parameter handling.
+
+The UK fiscal year runs April 6 to April 5. PolicyEngine UK uses
+on-the-fly fiscal year conversion in get_parameters_at_instant() to
+convert January 1 queries to April 30, getting the correct fiscal year value.
+
+This test suite verifies that annual period queries (e.g., param("2026"))
+return the correct fiscal year values, especially for policy changes
+that take effect on April 6.
+
+Key policy examples:
+- Two-child limit repeal: limit=2 until April 5, 2026, then infinity from April 6, 2026
+- Income tax threshold freeze extension: threshold frozen from April 6, 2028
+"""
+
+import pytest
+from policyengine_uk import CountryTaxBenefitSystem
+from policyengine_uk.utils.parameters import convert_instant_to_fiscal_year
+from policyengine_core.periods import period
+
+
+@pytest.fixture(scope="module")
+def uk_system():
+    """Create a UK tax-benefit system for testing."""
+    return CountryTaxBenefitSystem()
+
+
+class TestInstantConversion:
+    """Tests for the convert_instant_to_fiscal_year function."""
+
+    def test_year_only_converts_to_april_30(self):
+        """Year-only queries should convert to April 30."""
+        assert convert_instant_to_fiscal_year("2026") == "2026-04-30"
+        assert convert_instant_to_fiscal_year("2025") == "2025-04-30"
+        assert convert_instant_to_fiscal_year("2030") == "2030-04-30"
+
+    def test_january_1_converts_to_april_30(self):
+        """January 1 queries should convert to April 30."""
+        assert convert_instant_to_fiscal_year("2026-01-01") == "2026-04-30"
+        assert convert_instant_to_fiscal_year("2025-01-01") == "2025-04-30"
+
+    def test_other_dates_unchanged(self):
+        """Specific dates (not Jan 1) should not be modified."""
+        assert convert_instant_to_fiscal_year("2026-04-30") == "2026-04-30"
+        assert convert_instant_to_fiscal_year("2026-06-15") == "2026-06-15"
+        assert convert_instant_to_fiscal_year("2026-04-06") == "2026-04-06"
+        assert convert_instant_to_fiscal_year("2026-12-31") == "2026-12-31"
+
+
+class TestFiscalYearConversion:
+    """Tests for the fiscal year parameter conversion."""
+
+    def test_period_start_is_january_1(self):
+        """Verify that period('2026') starts on January 1."""
+        p = period("2026")
+        assert p.start.year == 2026
+        assert p.start.month == 1
+        assert p.start.day == 1
+
+    def test_get_parameters_at_instant_uses_fiscal_year(self, uk_system):
+        """
+        Test that get_parameters_at_instant converts Jan 1 to April 30.
+
+        When querying parameters for "2026", the system should use
+        April 30, 2026 as the reference date, getting the fiscal year value.
+        """
+        # Get parameters at "2026" (should use April 30 internally)
+        params_2026 = uk_system.get_parameters_at_instant("2026")
+
+        # The two-child limit should be infinity (repealed April 6, 2026)
+        child_limit = (
+            params_2026.gov.dwp.universal_credit.elements.child.limit.child_count
+        )
+        assert child_limit == float("inf"), (
+            f"Expected infinity for 2026 fiscal year, got {child_limit}. "
+            "The get_parameters_at_instant may not be converting to April 30."
+        )
+
+
+class TestTwoChildLimitRepeal:
+    """Tests specifically for the two-child limit repeal on April 6, 2026."""
+
+    def test_two_child_limit_fiscal_year_2025(self, uk_system):
+        """Test that the two-child limit is 2 for fiscal year 2025/26."""
+        # Get parameters at fiscal year 2025 (uses April 30, 2025)
+        params = uk_system.get_parameters_at_instant("2025")
+        child_limit = (
+            params.gov.dwp.universal_credit.elements.child.limit.child_count
+        )
+        assert child_limit == 2
+
+    def test_two_child_limit_fiscal_year_2026(self, uk_system):
+        """Test that the two-child limit is infinity for fiscal year 2026/27."""
+        # Get parameters at fiscal year 2026 (uses April 30, 2026)
+        params = uk_system.get_parameters_at_instant("2026")
+        child_limit = (
+            params.gov.dwp.universal_credit.elements.child.limit.child_count
+        )
+        assert child_limit == float("inf")
+
+    def test_annual_query_reflects_fiscal_year(self, uk_system):
+        """
+        Test that annual queries return fiscal year values.
+
+        For year 2026, the fiscal year is April 6, 2026 to April 5, 2027.
+        The two-child limit is repealed on April 6, 2026, so:
+        - 2025 should be 2 (fiscal year 2025/26: April 6, 2025 - April 5, 2026)
+        - 2026 should be infinity (fiscal year 2026/27: April 6, 2026 - April 5, 2027)
+        """
+        params_2025 = uk_system.get_parameters_at_instant("2025")
+        params_2026 = uk_system.get_parameters_at_instant("2026")
+        params_2027 = uk_system.get_parameters_at_instant("2027")
+
+        limit_2025 = (
+            params_2025.gov.dwp.universal_credit.elements.child.limit.child_count
+        )
+        limit_2026 = (
+            params_2026.gov.dwp.universal_credit.elements.child.limit.child_count
+        )
+        limit_2027 = (
+            params_2027.gov.dwp.universal_credit.elements.child.limit.child_count
+        )
+
+        assert limit_2025 == 2
+        assert limit_2026 == float("inf")
+        assert limit_2027 == float("inf")
+
+
+class TestThresholdFreezeExtension:
+    """Tests for income tax threshold freeze extension (April 6, 2028)."""
+
+    def test_pa_threshold_freeze_dates(self, uk_system):
+        """Test that PA threshold freeze is correctly parameterized."""
+        # This tests the threshold_freeze_end parameter
+        param_path = (
+            "gov.hmrc.income_tax.allowances."
+            "personal_allowance.threshold_freeze_end"
+        )
+        try:
+            param = uk_system.parameters.get_child(param_path)
+            # Verify the freeze end date parameter exists
+            assert param is not None
+        except Exception:
+            # Parameter may have different structure
+            pytest.skip(
+                "Personal allowance threshold freeze end parameter not found"
+            )
+
+
+class TestFiscalYearConversionCoverage:
+    """Tests to verify fiscal year conversion covers all years."""
+
+    @pytest.mark.parametrize("year", [2025, 2026, 2027, 2028, 2029, 2030])
+    def test_year_in_conversion_range(self, uk_system, year):
+        """
+        Test that each year from 2025-2030 can be queried.
+
+        This test verifies that get_parameters_at_instant works for
+        all years that might be used in simulations.
+        """
+        # Query should work without error
+        params = uk_system.get_parameters_at_instant(str(year))
+        assert params is not None
+        # Verify we can access a simple parameter (not a scale)
+        pa = params.gov.hmrc.income_tax.allowances.personal_allowance.amount
+        assert pa is not None
+        assert pa > 0  # Personal allowance should be positive
+
+
+class TestSpecificDateQueries:
+    """Tests to ensure specific date queries are not modified."""
+
+    def test_april_5_query_unchanged(self, uk_system):
+        """Querying April 5, 2026 should return pre-repeal value."""
+        # Direct parameter query at April 5
+        param = uk_system.parameters.get_child(
+            "gov.dwp.universal_credit.elements.child.limit.child_count"
+        )
+        # April 5, 2026 is the last day before repeal
+        assert param("2026-04-05") == 2
+
+    def test_april_6_query_unchanged(self, uk_system):
+        """Querying April 6, 2026 should return post-repeal value."""
+        # Direct parameter query at April 6
+        param = uk_system.parameters.get_child(
+            "gov.dwp.universal_credit.elements.child.limit.child_count"
+        )
+        # April 6, 2026 is the first day of repeal
+        assert param("2026-04-06") == float("inf")
diff --git a/policyengine_uk/utils/parameters.py b/policyengine_uk/utils/parameters.py
index 391a1f06d..600462143 100644
--- a/policyengine_uk/utils/parameters.py
+++ b/policyengine_uk/utils/parameters.py
@@ -25,14 +25,47 @@ def backdate_parameters(
     return root
 
 
+def convert_instant_to_fiscal_year(instant_str: str) -> str:
+    """
+    Convert an instant to use UK fiscal year reference date.
+
+    The UK fiscal year runs April 6 to April 5. When querying for January 1
+    of a year, we should use April 30 of that year to get the fiscal year value.
+
+    Args:
+        instant_str: Date string in format "YYYY-MM-DD" or "YYYY"
+
+    Returns:
+        Date string adjusted for UK fiscal year (April 30 if year-only input)
+
+    Example:
+        "2026" -> "2026-04-30" (gets fiscal year 2026/27 value)
+        "2026-01-01" -> "2026-04-30" (same adjustment)
+        "2026-04-30" -> "2026-04-30" (no change, already mid-fiscal-year)
+        "2026-06-15" -> "2026-06-15" (no change, specific date requested)
+    """
+    # Only convert if it's a year-only or January 1 query
+    # This preserves behavior for specific date queries
+    if len(instant_str) == 4:  # Year only: "2026"
+        return f"{instant_str}-04-30"
+    elif instant_str.endswith("-01-01"):  # January 1: "2026-01-01"
+        year = instant_str[:4]
+        return f"{year}-04-30"
+    else:
+        # Specific date requested - don't modify
+        return instant_str
+
+
 def convert_to_fiscal_year_parameters(parameters):
-    YEARS = list(range(2015, 2026))
-    for param in parameters.get_descendants():
-        if isinstance(param, Parameter):
-            for year in YEARS:
-                value_mid_year = param(f"{year}-04-30")
-                param.update(
-                    period=f"{year}",
-                    value=value_mid_year,
-                )
+    """
+    DEPRECATED: This function pre-computes fiscal year values.
+
+    For on-the-fly fiscal year handling, use convert_instant_to_fiscal_year()
+    in get_parameters_at_instant() instead.
+
+    This function is kept for backward compatibility but will be removed
+    in a future version.
+    """
+    # No longer pre-compute - fiscal year conversion is now done on-the-fly
+    # in CountryTaxBenefitSystem.get_parameters_at_instant()
     return parameters