This newsletter follows close on the heels of the Autumn Budget announcements made late November 2025. It was a tax raising Budget and by far the biggest revenue earner was the decision to freeze Income Tax allowances and thresholds for a further period until April 2031. More on this stealth tax in the updates that follow.
We continue to be a highly taxed member of the global community. And planning is becoming a must for many taxpayers.
Increases were announced of two percentage points in Income Tax rates on savings income, property income and dividends received. The dividend changes only apply to the basic and higher rate bands. The UK crept a little closer to a full-blown Mansion Tax as the Budget introduced a Council Tax surcharge for high-value property owners.
If you have any questions or concerns please do not hesitate to get in touch.