Autumn Budget 2025 – Our Summary

The Autumn Budget delivered by the Chancellor, Rachel Reeves, on Wednesday 26 November announced a number of changes.

Among the wide range of measures were:

• The personal allowance and the existing income-tax thresholds remain fixed at their current cash values for a further three years to 2030/31.
• Tax rates on savings income, dividends and property income will increase by 2 percentage points from 2026/27, except for the additional rate on dividends which will stay at 39.35%.
• From 1 April 2026, new permanently lower multipliers apply to eligible retail, hospitality and leisure properties with rateable values below £500,000. For all higher value business properties, a new multiplier will apply.
• A High-Value Council Tax Surcharge will apply from April 2028 to residential properties valued at £2 million or above, in addition to existing council-tax liabilities, to be charged to the property owner.
• From 6 April 2029, the amount that an employee may contribute to a pension through salary sacrifice without paying national insurance contributions (NICs) will be capped at £2,000 a year.
• From April 2027, the individual savings account (ISA) subscription limit for cash ISA savers under age 65 will be reduced £12,000.

We’ve partnered with Tax Briefs to give you insights on the Budget to use with your clients.