On Wednesday afternoon, after weeks of speculation (and an unprecedented early leak by the Office for Budget Responsibility), the Chancellor finally revealed her second Budget. Tom Golding, PKF Littlejohn partner considers some of the main tax changes and what these may mean for insurance brokers.
The lead-up to the Autumn Budget 2025 included many rumoured initiatives – from wealth taxes and exit taxes to pension reform, and even the possibility of Labour breaking its manifesto pledge and increasing Income Tax. However, a lot of this speculation proved to be just that, rumours.
One of the few pre-Budget rumours that turned out to be accurate involved the extension of the freeze on multiple tax thresholds.
The Chancellor Rachel Reeves said the freeze on personal tax thresholds will be
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk