AUTUMN BUDGET 2025

The biggest tax-raising budget since 1993.

Here’s our five key take aways:

1. Inheritance Tax – pension pots to be included in a person’s estate for IHT from April 2027. Agricultural Property Relief and Business Property Relief reduced for combined assets in excess of £1 million.
2. Capital Gains Tax – increase in non-residential rates to align with residential property rates from 30 October 2024. Gradual increase in CGT for assets qualifying for Business Asset Disposal Relief and Investors’ Relief.
3. Employers’ National Insurance contributions – increased to 15% from April 2025(currently 13.8%) from April 2025 on earnings in excess of £5,000 (per annum) Currently £9,100. Increase in the employment allowance to £10,500 from £5,000
4. Income tax – No increases to the basic or higher rates. No extension to the current freeze to income tax thresholds which applies until April 2028.
5. Coprporation tax capped at 25%  – No increases to corporation tax for the length of this parliament

Get in touch to see how it effects you and how we can help.