Budget Predictions 2025: Income Tax Hikes, IHT Changes & Pension Rumours

The UK Autumn Budget is approaching (November 26th), and rumours of major tax changes are circulating. In this video I explain the most credible predictions and how they could impact your personal finances.

00:01 - Changes to Income Tax & NI
01:44 - The 2p switch (Raise Tax and Reduce National Insurance)
03:30 - What does the government mean by 'Working People'? - What is the actual definition?
06:09 - Will there be a tax on the wealthy who are looking to emigrate?
07:28 - Potential Changes to Capital Gains Tax
08:27 - Inheritance Tax: Proposed Changes
10:50 - Wealth Tax and Property Tax Changes
13:26 - Revisiting Council Tax and Stamp Duty
15:29 - National Insurance Changes for Landlords
16:04 - Business and Corporate Tax Changes
17:32 - VAT and Consumption Taxes
18:46 - Changes to Savings and Pensions

Summary:

📈 Income Tax: An extension of the 'stealth tax' freeze and the new 'Pensioner Tax Trap' this could create.
🔄 The '2p Switch': The plan to cut NI but raise income tax, and who really pays more (Hint: It could be pensioners and landlords).
🏡 Property Tax: A potential 'Mansion Tax' by doubling council tax for bands G & H and new NI charges for landlords.
💸 Wealth Taxes: Aligning Capital Gains Tax with higher income tax rates.
📜 Inheritance Tax: New lifetime caps on tax-free gifts and extending the '7-year rule'.
💰 Savings: Rumoured cuts to the £20,000 Cash ISA allowance.
⚠️ Pensions: The persistent rumour about cutting the 25% tax-free lump sum.

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