Ahead of today’s Autumn Budget, an unprecedented level of detail was already in the public domain thanks to media coverage and the early release of the OBR’s report. This meant there were few surprises when the Chancellor delivered her speech.
However, the Chancellor’s Autumn Budget has brought significant changes that will affect individuals and businesses alike. While the headlines focused on support for the lowest paid, the reality is that most people, and especially businesses, will feel the impact.
Our expert team of sharp minds have been following the Autumn Budget announcements and have shared their immediate reactions in the three videos below.
Private Client Tax
In this video, Alex Docherty, Head of Private Client Tax, reviews the impact on individuals - working people and retirees. She explains how the freeze on income tax thresholds, rising National Insurance Contributions on salary sacrifice pension contributions, and unchanged inheritance tax thresholds could affect personal finances. She also touches on the implications for employers, business owners, and high-value property owners, highlighting potential effects on pay, pensions, and retirement planning.
Specialist Tax
David Ward, Head of Specialist Tax, explores one of the largest revenue-raising measures in the 2025 UK Budget - the pension salary sacrifice cap. He examines how this change, effective from 2029, may affect employer reward strategies, senior staff compensation, and total benefits budgets. He also discusses ways employers might adapt to rising costs, including revising pension contributions, employee benefits, and pay structures, providing guidance for businesses planning for the future.
Corporate Tax
Here, John McAuslin, Head of Corporate Tax, breaks down the 2025 UK Budget Corporate Tax changes and their impact on business investment and growth. Key updates include a reduction in the main rate of writing down allowance from 18% to 14% from April 2026. Alongside that, a new First Year Allowance of 40% will be introduced for main rate qualifying assets. In addition, he discusses extensions to the Enterprise Management Incentive, Enterprise Investment Scheme and Venture Capital Trust reliefs for scaling companies. John highlights how these measures aim to support investment, retain employees, and promote business growth across the UK.
Autumn Budget 2025 webinar - what you need to know
For a full breakdown of changes and what this may mean for you and your business, sign up for our free webinar - being held on 3 December.
