The UK 2024 Autumn Budget
With a large parliamentary majority and an election campaign which was won on the promise of change, big announcements were anticipated in Chancellor Rachel Reeves’ first Budget. Now that the details of the Autumn Budget have been released, we explore how the changes could impact your personal wealth and your business.
Your personal wealth
Labour has now delivered its first Budget since 2010.
The announcement included changes to the taxing of pensions on death, increases to capital gains tax (CGT) along with the freezing of income tax thresholds.
2024 Autumn Budget Overview: The key announcements from Chancellor Rachel Reeves
Take a look at our roundup of the Autumn Budget changes most likely to affect your financial plan
The UK 2024 Autumn Budget - Your personal wealth
Chancellor Rachel Reeves announced major changes to inheritance tax, capital gains tax, employer national insurance and more. The day after the Budget, our expert panel discussed the potential impacts to your personal wealth and your business. If you missed it live, you can watch the full recording here.
Personal Taxes
Read our full, in depth analysis of the announcements and how these changes to personal taxation could affect you and your family.
Autumn Budget FAQs
What is the Autumn Budget?
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.
When is the 2024 Autumn Budget?
The 2024 Autumn Budget will be announced on Wednesday 30 October 2024.
When does the Autumn Budget take effect?
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. In some cases, the new rules come into effect immediately, while in others, they may not apply until the new tax year on 6 April.
Who makes the Autumn Budget announcement?
The Chancellor of the Exchequer makes the Budget announcement. The Labour government’s Chancellor, Rachel Reeves, will make the 2024 Autumn Budget announcement.
What changes could affect me in the 2024 Autumn Budget?
The new Labour government have made it clear that we should expect to see some major changes in the 2024 Autumn Budget. It is looking to be a landmark budget, with the potential for sweeping changes to families, retirement savers, retirees and entrepreneurs.
We’ll be covering all the details as they happen on our Autumn Budget hub, as well as running two online events the day after the Budget. These will feature a panel of experts dissecting how the changes could impact your personal wealth, or your business.
Autumn Budget articles
What do the Autumn Budget changes mean for inheritance tax planning?
The Chancellor’s announcement could mean higher inheritance tax liabilities for many estates. We’ve got expert tips on areas to review in light of the new rules
What the Autumn Budget capital gains tax changes mean for investors
Chancellor Rachel Reeves has announced significant increases to the rates of capital gains tax. We take a look at the implications for investors
Autumn Budget 2024: changes to non-dom tax
The Chancellor has confirmed that the current remittance basis regime for non-UK domiciled individuals will be replaced with a residence-based regime from 6 April 2025. What does this mean for non-doms?
2024 Autumn Budget: The winners and losers
With a broad range of tax increases and changes to benefits, we take a look at the biggest winners and losers from the Autumn Budget
Autumn Budget 2024 and inheritance tax
Chancellor Rachel Reeves announced a number of measures around inheritance tax (IHT)
How does the Budget impact your investments?
A summary of the key announcements and their potential impact on your investments
Changes to inheritance tax business reliefs
Potential challenges for business owners and entrepreneurs following the Chancellor's announcement
Labour’s housing policy: How the Autumn Budget could impact property
Many potential tax changes in the Autumn Budget could affect property. Here we look at what homeowners and property investors need to know
Evelyn Partners: A pro-growth Budget wishlist
As the Chancellor prepares for her first Budget, our Evelyn Partners tax experts consider Rachel Reeves’ pro-growth agenda and what they would advocate for from a tax policy perspective to support these plans.
Domicile: where are we now?
On 6th March 2024, the Conservative Chancellor of the Exchequer announced his intention to remove the longstanding concept of domicile from the UK’s tax code. In July, the incoming Labour Government confirmed their intention to carry through the Conservative proposals with effect from 6th April 2025. In this recording we survey the landscape today.
Entrepreneurs are crucial to growth: the tax system must support them
Increasing CGT will deter some business owners from starting a new business in the UK
How might Labour’s pension plans impact your retirement?
We could see a major shakeup to pensions in the Autumn Budget. Here’s how it could impact retirement savers
How to protect your wealth ahead of the 2024 Autumn Budget
With potential changes to a wide range of taxes in the Autumn Budget, now is the time to consider your wealth protection strategy
The 2024 Autumn Budget and your investments: opportunities and considerations
The Autumn Budget isn’t necessarily just about tax rises. There could also be opportunities for investors who know where to look
UK Autumn Budget 2024: How to plan for what may come
Here, we look at some of the taxes which may change, and how to plan for them
Labour and Capital Gains Tax (CGT) - What might we see from the new Government?
While the Labour manifesto stated there would be no increase to the basic, higher, or additional rates of income tax or to national insurance, it made no mention of capital gains tax.
Labour and inheritance tax: what might we see from the new Government?
After 14 years out of power, the new Labour Government now has the opportunity to make changes to the tax system
An update on Labour’s non-dom tax policy
On 29th July, the Government published a paper on the taxation of non-UK domiciled individuals ahead of the Autumn Budget scheduled for 30th October