November Budget

Autumn Budget 2025 — What It Means for Our Clients

The Autumn Budget 2025, announced on 26 November 2025, brings several changes affecting businesses, property owners, investors, and those using pension salary sacrifice. Many of these changes will overlap with Making Tax Digital (MTD) requirements, meaning careful planning is essential. Click here to read the full budget

Key Changes & Timing:

• Tax thresholds frozen until 2031
  Income tax and National Insurance thresholds are frozen, potentially pushing more people into higher bands as wages rise. MTD‑registered businesses will need to reflect these changes in quarterly updates immediately.

• Pension salary‑sacrifice changes (April 2029)
  Contributions above £2,000/year will attract NICs. Businesses can start preparing digital payroll records to accommodate future adjustments.

• Minimum/living wage increase (April 2026)
  Employers should review payroll budgets as statutory rates rise.

• Capital allowance changes (April 2026)
  First-year allowances remain, but writing-down allowances reduce. MTD-compatible accounting software can track asset purchases and reliefs efficiently.

• Higher tax on dividends, savings, property income
  Landlords, investors, and high-net-worth clients may see increased tax bills. MTD for property income and self-employed clients requires accurate digital records to avoid penalties.

How We Can Help:

We’re offering Budget & MTD review meetings from February 2026 onwards. In a session, we can:

• Assess the impact of Budget changes on your business, property, or personal finances.

• Ensure MTD compliance aligns with updated tax rules.

• Review cash flow, dividends vs salary, pension contributions, capital investment, and digital reporting processes.

To book, please email Susan@rwbca.co.uk, and she will set up a meeting with your client manager.