The UK 2024 Autumn Budget
With a large parliamentary majority and an election campaign which was won on the promise of change, big announcements are anticipated in Chancellor Rachel Reeves’s first Budget. We explore how these changes could impact you, your family and your business.
Your personal wealth
On 30 October 2024, Labour will deliver its first Budget since 2009.
The government has ruled out increases to a range of taxes, including income tax, VAT and national insurance. While some policies have already been announced, such as the removal of the VAT exemption for private schools, it remains to be seen where the Chancellor will seek to raise additional funds.
There are expectations that this could be a landmark Budget, with the potential for key legislative changes affecting a wide range of groups including families, entrepreneurs and pre-retirees.
We’ll be adding new articles and videos to this page as more information becomes available, so that you can stay informed on the impact of Autumn Budget on you and your loved ones.
What the Autumn Budget could mean for you
It’s the first Labour Budget after 14 years of Conservative government. We’re expecting to see a wide range of amendments on taxes such as capital gains tax, inheritance tax, and pensions. This could make a substantial impact on your financial plan and may necessitate a review of the strategies you have in place to reach your goals and objectives.
Please join us the day after the Budget announcement when we’ll be running an expert panel event where we discuss the most important announcements, and how they might impact you and your family.
Live webinar: The UK 2024 Autumn Budget - Your personal wealth
Expert analysis of the Budget's impact on your personal finances, as it happens. Sign up to our webinar to stay informed of how the announcements might affect you, and actions you should consider.
Autumn Budget articles
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