Autumn Budget 2025
Whether you're planning ahead or reviewing the latest changes, our Autumn Budget hub is here to help. Discover clear insights, practical guidance, and expert commentary on what the Budget could mean for your financial future.
If the announcements have raised questions about your own plans, speaking to a financial adviser could help bring clarity. All meetings up to and including the presentation of your financial plan are free. You’ll only pay if you choose to proceed with our recommendations.
Autumn Budget 2025: What you need to know
The Chancellor’s Autumn Budget sets the tone for the year ahead, with changes that could impact your financial plans. We’ve highlighted the key updates to help you understand what they mean for you.
Tax thresholds frozen
Personal tax and employer National Insurance contributions thresholds to be frozen for three years from 2028 to 2031
Changes to ISA allowance
ISA allowance remains at £20,000 but cash ISA allowance reduced to £12,000 for under 65s
Salary sacrifice
From 2029, a £2,000 cap on salary sacrifice into pensions will be introduced
Income tax
No change to income tax
Mansion tax
A council tax surcharge on properties worth over £2m
Property
Increasing the tax rates on dividends, property and savings income by 2 percentage points
Understanding Budget jargon
The Autumn Budget often brings a wave of financial jargon. To help you cut through the noise, here’s a quick guide to the key terms you’re likely to hear and what they really mean for your money.
Fiscal drag
- Inheritance tax
- Taper relief
- Capital gains tax
- Wealth tax
- Stamp Duty Land Tax
- Pension tax relief
Fiscal drag
Fiscal drag happens when tax thresholds are frozen and wages rise, often due to inflation or pay increases. This means more of your income can fall into higher tax bands, increasing your overall tax liability without any deliberate change in tax policy.
It’s a subtle but powerful way the government can collect more tax revenue, and it’s something to watch out for, especially if you’re close to a tax band threshold.
Fiscal drag
Fiscal drag happens when tax thresholds are frozen and wages rise, often due to inflation or pay increases. This means more of your income can fall into higher tax bands, increasing your overall tax liability without any deliberate change in tax policy.
It’s a subtle but powerful way the government can collect more tax revenue, and it’s something to watch out for, especially if you’re close to a tax band threshold.
Fiscal drag
- Inheritance tax
- Taper relief
- Capital gains tax
- Wealth tax
- Stamp Duty Land Tax
- Pension tax relief
Fiscal drag
Fiscal drag happens when tax thresholds are frozen and wages rise, often due to inflation or pay increases. This means more of your income can fall into higher tax bands, increasing your overall tax liability without any deliberate change in tax policy.
It’s a subtle but powerful way the government can collect more tax revenue, and it’s something to watch out for, especially if you’re close to a tax band threshold.
Fiscal drag
Fiscal drag happens when tax thresholds are frozen and wages rise, often due to inflation or pay increases. This means more of your income can fall into higher tax bands, increasing your overall tax liability without any deliberate change in tax policy.
It’s a subtle but powerful way the government can collect more tax revenue, and it’s something to watch out for, especially if you’re close to a tax band threshold.
Your questions answered
The Autumn Budget can bring changes that affect everything from your tax bill to your retirement plans. Here are answers to some of the most common questions clients are asking.
Ready to talk it through?
Budget changes can create uncertainty, but with expert advice, you can make informed decisions. Book a free consultation to explore your options.
