The Autumn Budget 2024 was the first delivered by a Labour Chancellor since 2010, and the first ever delivered by a woman. However, some things did not change – the objective of all Chancellors is to build a better Britain, to encourage growth, to support the NHS.

The objectives Rachel Reeves laid out would not have seemed out of place in any of her predecessors’ speeches.

In our guide to the Autumn Statement, we take a look at some of the most interesting measures and explain what they might mean for you and your business.

Click here to read our guide to the 2024 Autumn Budget

Significant points

• Personal tax rates and allowances on income continue to be frozen at current levels – no increases until 2028/29
• No changes to income tax reliefs on pension schemes
• Substantial increases in Employers’ National Insurance Contributions from 6 April 2025
• Increase in Capital Gains Tax rates from 30 October 2024
• Stamp Duty Land Tax surcharge for buying additional dwellings increased from 31 October 2024
• Confirmation that VAT will apply to private school fees from January 2025
• Major changes to taxation of ‘non-doms’ from April 2025
• IHT agricultural and business property reliefs restricted from April 2026

Autumn Budget – Find out more

If you need support to understand what the Autumn Statement means for your business and personal finances, we are here to help.

We offer a complimentary, initial online consultation to discuss your personal circumstances and to see how we can help. Get in touch to book your appointment today.

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