SJP UK Autumn Budget 2024
Navigating change: what the UK’s Autumn Budget means for you
On Wednesday 30th October 2024, the Chancellor announced significant changes to the UK's fiscal rules and increased taxes by a record £40 billion, alongside announcing plans for major investment in the public sector. Overall, it's a big Budget that will have long-lasting ramifications.
The headlines don’t quite cover the minutiae of some of the more impactful aspects for specific groups of individuals:
- Capital Gains tax increases
- Inheritance tax (IHT) updates
- Particular information on IHT on pension death benefits
- Pension tax reliefs
- Stamp Duty Land Tax
- Non-dom regime replacements
What can you do in response to these changes?
The best decision is to stay well informed, so sign-up via the form on the right to receive our post-Autumn Budget 2024 guide, where we summarise the changes, outline the impacts to certain individuals and explain next steps.
As always, this is general advice and cannot be taken as the right advice for your situation. We strongly encourage you to engage with a financial adviser who will understand how the detail in this Budget will impact your future financial goals.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.