2025 Autumn Budget – Summary
The 2025 Autumn Budget sets out a broad package of tax and policy changes that will shape personal and business finances over the next few years. A central feature of the Budget is the extension of the freeze on income tax and National Insurance thresholds until 2031, a measure that will gradually increase the tax burden for many as incomes rise. Alongside this, higher tax rates have been announced for dividends, savings income and property income, reducing the after-tax returns for investors and landlords.
The Budget also includes notable changes to pensions and savings. Salary sacrifice pension contributions will face new limits in future years, while the structure of ISAs is being adjusted, including a reduction in the cash ISA allowance for some savers. Inheritance tax remains firmly in focus, with freezes to key thresholds continuing and changes introduced to the way certain reliefs can be used and transferred between spouses.
Beyond personal finances, the Budget introduces new measures affecting property owners, motorists and businesses, including a council tax surcharge on high-value properties, a mileage-based charge for electric vehicles, and targeted reforms to business taxes and incentives. Taken together, these announcements underline the growing importance of forward-looking financial planning, tax efficiency and regular reviews to ensure plans remain aligned with changing legislation.
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