| The Autumn Budget may bring tax changes affecting pensions, IHT, savings and investments | Speculation is high, but proactive planning can strengthen financial resilience ahead of announcements | Reviewing contributions, allowances and inheritance strategies ensures you’re prepared for future changes |
As the Autumn Budget approaches, speculation is growing about what the Chancellor may announce.
The National Institute of Economic and Social Research (NIESR) forecasts the government will miss its fiscal target, predicting a £41.2bn deficit by 2029/30. To address this, the Chancellor may need to raise billions through higher taxes, spending cuts or additional borrowing. NIESR has called for ‘a moderate but sustained increase in taxes,’ suggesting substantial adjustments may be unavoidable.
While exact measures cannot be predicted, potential focus areas include tax reliefs and thresholds (pensions, Income Tax bands, Capital Gains Tax), Inheritance Tax (IHT), Dividend Tax, National Insurance, school fees, and business-owner planning such as Entrepreneur’s Relief.
Proactive financial planning remains key. Ahead of the Budget, sensible steps may include maximising ISA allowances, reviewing pension contributions, crystallising capital gains where appropriate, and considering inheritance planning strategies. Small adjustments now may strengthen your position, regardless of policy changes.
Once the Budget is announced, we can review your financial plan in light of any new measures. Professional advice ensures decisions are tailored to your circumstances, whether changes take effect immediately or from the new tax year starting 6 April 2026. Preparing early may help you stay ahead of the curve.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. The Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planning.
