The UK 2024 Autumn Budget
With a large parliamentary majority and an election campaign which was won on the promise of change, big announcements were anticipated in Chancellor Rachel Reeves’ first Budget. Now that the details of the Autumn Budget have been released, we explore how the changes could impact your personal wealth and your business.
Your personal wealth
Labour has now delivered its first Budget since 2010.
The announcement included changes to the taxing of pensions on death, increases to capital gains tax (CGT) along with the freezing of income tax thresholds.
2024 Autumn Budget Overview: The key announcements from Chancellor Rachel Reeves
Take a look at our roundup of the Autumn Budget changes most likely to affect your financial plan
The UK 2024 Autumn Budget - Your personal wealth
Chancellor Rachel Reeves announced major changes to inheritance tax, capital gains tax, employer national insurance and more. The day after the Budget, our expert panel discussed the potential impacts to your personal wealth and your business. If you missed it live, you can watch the full recording here.
Autumn Budget FAQs
Government Budgets are the announcement of the official financial plan for the country. The Chancellor provides an update on the state of the economy, including economic forecasts, and announces new spending plans and proposed changes to tax legislation.
The 2024 Autumn Budget was announced on Wednesday 30 October 2024.
There is no specific rule on when the announced changes must take effect, and there will often be different start dates for different rule changes. For 2024, new rates for capital gains tax came into effect immediately, some changes will begin from 6 April 2025, and others will be phased in over the coming years.
The Chancellor of the Exchequer makes the Budget announcement. The Labour government’s Chancellor, Rachel Reeves, made the 2024 Autumn Budget announcement.
For details on how the Budget changes might affect you, read our overview of the key announcements, and summary of the Budget winners and losers.
Autumn Budget articles
- Insight
Autumn Budget 2024: Pensions to be subject to inheritance tax
Pensions will fall into an individual’s estate on death from April 2027
- Insight
Labour’s housing policy: How the Autumn Budget could impact property
Many potential tax changes in the Autumn Budget could affect property. Here we look at what homeowners and property investors need to know
- Insight
Entrepreneurs are crucial to growth: the tax system must support them
Increasing CGT will deter some business owners from starting a new business in the UK
- Insight
How might Labour’s pension plans impact your retirement?
We could see a major shakeup to pensions in the Autumn Budget. Here’s how it could impact retirement savers
- Insight
How to protect your wealth ahead of the 2024 Autumn Budget
With potential changes to a wide range of taxes in the Autumn Budget, now is the time to consider your wealth protection strategy
- Insight
The 2024 Autumn Budget and your investments: opportunities and considerations
The Autumn Budget isn’t necessarily just about tax rises. There could also be opportunities for investors who know where to look
- Insight
What do the Autumn Budget changes mean for inheritance tax planning?
The Chancellor’s announcement could mean higher inheritance tax liabilities for many estates. We’ve got expert tips on areas to review in light of the new rules
- Insight
What the Autumn Budget capital gains tax changes mean for investors
Chancellor Rachel Reeves has announced significant increases to the rates of capital gains tax. We take a look at the implications for investors
- Insight
Autumn Budget 2024: changes to non-dom tax
The Chancellor has confirmed that the current remittance basis regime for non-UK domiciled individuals will be replaced with a residence-based regime from 6 April 2025. What does this mean for non-doms?
- Insight
2024 Autumn Budget: The winners and losers
With a broad range of tax increases and changes to benefits, we take a look at the biggest winners and losers from the Autumn Budget
- Insight
Autumn Budget 2024 and inheritance tax
Chancellor Rachel Reeves announced a number of measures around inheritance tax (IHT)
- Insight
How does the Budget impact your investments?
A summary of the key announcements and their potential impact on your investments
- Insight
Changes to inheritance tax business reliefs
Potential challenges for business owners and entrepreneurs following the Chancellor's announcement
- Insight
Autumn Budget 2024: Pensions to be subject to inheritance tax
Pensions will fall into an individual’s estate on death from April 2027
- Insight
Labour’s housing policy: How the Autumn Budget could impact property
Many potential tax changes in the Autumn Budget could affect property. Here we look at what homeowners and property investors need to know
- Insight
Entrepreneurs are crucial to growth: the tax system must support them
Increasing CGT will deter some business owners from starting a new business in the UK
- Insight
How might Labour’s pension plans impact your retirement?
We could see a major shakeup to pensions in the Autumn Budget. Here’s how it could impact retirement savers
- Insight
How to protect your wealth ahead of the 2024 Autumn Budget
With potential changes to a wide range of taxes in the Autumn Budget, now is the time to consider your wealth protection strategy
- Insight
The 2024 Autumn Budget and your investments: opportunities and considerations
The Autumn Budget isn’t necessarily just about tax rises. There could also be opportunities for investors who know where to look
- Insight
What do the Autumn Budget changes mean for inheritance tax planning?
The Chancellor’s announcement could mean higher inheritance tax liabilities for many estates. We’ve got expert tips on areas to review in light of the new rules
- Insight
What the Autumn Budget capital gains tax changes mean for investors
Chancellor Rachel Reeves has announced significant increases to the rates of capital gains tax. We take a look at the implications for investors
- Insight
Autumn Budget 2024: changes to non-dom tax
The Chancellor has confirmed that the current remittance basis regime for non-UK domiciled individuals will be replaced with a residence-based regime from 6 April 2025. What does this mean for non-doms?
- Insight
2024 Autumn Budget: The winners and losers
With a broad range of tax increases and changes to benefits, we take a look at the biggest winners and losers from the Autumn Budget
- Insight
Autumn Budget 2024 and inheritance tax
Chancellor Rachel Reeves announced a number of measures around inheritance tax (IHT)
- Insight
How does the Budget impact your investments?
A summary of the key announcements and their potential impact on your investments
