Preparing for the 2025 Autumn Budget

Preparing for the 2025 Autumn Budget. The Autumn Budget is always a key moment for homeowners, investors and savers. This year’s announcement on 26th November is expected to be no different. The Chancellor will set out the government’s plans for tax, borrowing and spending for the year ahead.

Last year, Rachel Reeves delivered her first budget, which included a record £40 billion in tax rises. At the time, she made clear there is no intention to repeat such measures in 2025, but with a fragile global economy, many are preparing for potential changes.

Among the most talked-about rumours are possible limitations on how much tax free cash people can access from their pension pots, as well as a reduction in annual ISA limits from £20,000 to £10,000. There has also been speculation about adjustments to Inheritance Tax and Capital Gains Tax.

It’s crucial to remember, though, that these are currently only rumours. Acting on speculation without understanding the full picture can disrupt financial strategies and may lead to unintended consequences.

For mortgage holders and property owners, the budget could bring further implications. One proposal reportedly under review is the replacement of both stamp duty and council tax with a single annual levy on homes above a certain value.

Another option being discussed is spreading stamp duty payments across several years, which could make purchasing a property more manageable for some buyers. There’s also talk of new, higher council tax bands for more expensive properties and even the possibility of introducing Capital Gains Tax on primary residences that sell above a set threshold.

Additionally, government may explore charging National Insurance on rental income, which would be a significant shift for landlords who currently don’t pay NI on earnings from buy-to-let properties.

While none of these measures have been confirmed, the Autumn Budget could shape the financial landscape for years to come. If you’re concerned about how potential changes could affect your mortgage or property plans, get in touch ahead of the budget to help you make informed, confident decisions.

Teddy James Mortgage Solutions are an Eastbourne and Hailsham based mortgage advisors offering friendly, honest, fee free mortgage advice. Contact Teddy James Mortgage Solutions today.