The 2025 Autumn Budget
Despite major reforms announced in last year’s Budget, including changes to capital gains tax and pension rules, the Chancellor continues to face pressure from the markets, the party and the electorate. With strong resistance to spending cuts, further tax rises have now been confirmed in the 2025 Autumn Budget.
From property and dividend taxes to ISA allowances, pension contributions, council tax and inheritance tax (IHT) relief, these changes will affect how you save, invest and plan for the future. We’re here to explain what’s changing, what it means for you, and the strategies you can use to plan for what’s next amidst shifting goalposts.
Latest news
- Insight
Autumn Budget brings sweeping tax changes – what business owners and entrepreneurs need to know
The Autumn Budget introduces major tax shifts that will significantly impact exit planning, remuneration strategies and long-term wealth management for business owners and entrepreneurs
- Insight
Further changes to Inheritance Tax announced in Autumn Budget
The Autumn Budget introduces transferable allowances for agricultural and business relief but extends IHT threshold freezes, increasing the need for careful estate planning
- Insight
Pension salary sacrifice hit in Autumn Budget with new £2,000 cap
The Autumn Budget introduces a £2,000 cap on National Insurance relief for salary sacrifice pension contributions, reducing tax efficiency for higher earners and employers
- Insight
Budget commentary: Reaction to Rachel Reeves' second budget
A "bucket budget" that doesn’t hold water
- Insight
Autumn Budget brings higher tax on savings, dividends and property income
Higher income tax rates on savings, dividends and property income creates new challenges for savers, investors, landlords and business owners
- Insight
Autumn Budget 2025: summary and key announcements
Major changes were announced to property and dividend taxes, ISA allowances, pension contributions, council tax, inheritance tax (IHT) relief and more
- Insight
Will Labour back businesses in the 2025 Autumn Budget?
Labour faces growing pressure to prove its pro-business stance in the upcoming Autumn Budget
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Why fiscal rules matter
Fiscal rules shape government spending and borrowing, but how can they affect you?
- Insight
Inflation, interest rates and the Autumn Budget: What you need to know
As the Chancellor prepares to deliver the Autumn Budget, investors are watching inflation and interest rates closely. Here’s what these key factors could mean for your investments
- Insight
Navigating the Autumn Budget. What you need to know about pensions, gifting and inheritance tax
As the 2025 Autumn Budget approaches, speculation is mounting around potential changes to inheritance tax (IHT), pensions and gifting rules
- Insight
Sorting Budget rumours from reality in the lead-up to the Autumn Budget
With speculation swirling ahead of the Autumn Budget, we look at how you can sort truth from rumours
- Insight
Autumn Budget 2025: Insights from George Osborne
As the UK awaits the Autumn Budget on 26 November, our recent webinar with former Chancellor George Osborne unpacked what’s driving speculation, where tax changes could land and how investors and families can prepare
- Insight
UK fiscal rules may not rule OK
Despite efforts to restore credibility, the UK’s fiscal framework is struggling to convince markets. With growth slowing, inflation sticky, and political risks rising, investors may be looking for realism over rigidity
- Insight
2025 Autumn Budget preview: What could be coming and how to prepare
With the 2025 Autumn Budget on the horizon, we examine the key tax and policy changes being discussed and how you can plan ahead with confidence
From insight to action: navigating the Budget impact
The Chancellor has delivered the Autumn Budget, but what does it really mean for your wealth, your business, and your future plans?
Watch the final of our exclusive three-part webinar series, where Evelyn Partners’ Gemma Helliwell, Financial Planning Partner and Daniel Casali, Investment Strategy Partner were joined by S&W’s tax specialist Tobi Tallon to provide clear analysis of the Budget’s headline announcements, explored how any changes to tax, pensions, and estate planning rules could affect your financial plan and shared their views on market reaction and what it signals for investors.
The Autumn Budget: One month to go
Watch the second of our exclusive three-part webinar series, where Evelyn Partners’ Gemma Helliwell, Financial Planning Partner and Daniel Casali, Investment Strategy Partner were joined by S&W’s tax specialist Tobi Tallon to explore the potential policy changes on the horizon, the fiscal rules and macroeconomic context shaping the Chancellor’s decisions and considerations for your financial plan ahead of the Autumn Budget.
The Autumn Budget in focus
Watch the first of our exclusive three-part webinar series, which offered a rare opportunity to hear from George Osborne, former Chancellor of the Exchequer, as he shared his perspective on the forces shaping fiscal policy.
“ To fix the hole in the public finances, the Chancellor can borrow more, but the markets are saying enough is enough, she can spend less, but the party is saying enough is enough, or she can tax more. The big question for Rachel Reeves is whether the public is going to say enough is enough to that as well. ”
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 2025 Autumn Budget will be announced on Wednesday 26 November 2025.
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.
The Chancellor of the Exchequer makes the Budget announcement. The Labour government’s Chancellor, Rachel Reeves, will make the 2025 Autumn Budget announcement.
For details on how the Budget changes might affect you, sign up to our Autumn Budget webinar series.