Chancellor Rachel Reeves’ November 2025 Budget introduced significant tax increases totalling up to £26 billion, extending the freeze on Income Tax thresholds until April 2031. Key points include new taxes on properties valued over £2 million, increased rates on dividend and property income, and changes to National Insurance contributions.
Spending measures aim to reduce household energy bills and freeze rail fares, while the two-child benefit cap has been eliminated.
In addition to personal tax updates, corporation tax rates remain unchanged, but rules for pension contributions through salary sacrifice will be revised starting April 2029.
For a comprehensive breakdown of the Budget changes and their implications, read the full article on the Albert Goodman website here.
