Protecting your wealth ahead of the 2025 Autumn Budget

The Autumn Budget, scheduled for late November 2025, is expected to bring significant tax changes as the Government seeks to close a large fiscal gap.

With speculation surrounding Inheritance Tax, ISA allowances, property levies, and Capital Gains Tax reform, proactive financial planning has never been more important. Acting now could help secure benefits under current rules and reduce the impact of future changes.

Why act now?

By planning ahead, you can:

• Lock in current allowances: Take advantage of gifting, investments, and exemptions while the rules remain unchanged.
• Implement strategies early: Some solutions, such as trusts, require time to set up.
• Strengthen your position: Preparing now allows you to mitigate potential tax rises or new levies.
• Avoid last-minute pressure: Acting in advance ensures you are not forced into rushed decisions after the Budget.

Key areas you can review now

1) Lifetime Gifting & Inheritance Tax (IHT)

With rumours of reduced reliefs and tighter rules, families, high-net-worth individuals, and business owners may wish to act sooner. Annual exemptions, trusts, and the seven-year rule can all help reduce future IHT liabilities, but careful planning is needed.

2) Make the most of ISAs

Currently, adults can contribute up to £20,000 each per year. Using this year’s allowance now ensures it is not lost if future rules are tightened. Cash ISAs also provide flexibility, allowing transfers later without losing tax-free status.

3) VCTs, EIS, and Alternative Investments

These vehicles offer tax-free growth, income tax relief, and CGT deferral. While higher risk, they may become increasingly valuable if CGT rates rise. They are best suited to experienced investors with a diversified portfolio.

Who could be affected?

• Middle earners: Frozen thresholds mean more people risk falling into higher tax bands.
• Landlords: A possible NIC charge on rental income could hit returns.
• High-value property owners: Annual levies may add ongoing costs.
• Farmers and family businesses: Agricultural and business reliefs may be capped, impacting succession planning.
• Consumers: Indirect tax rises could increase retail prices.

What to do next

Review your income, use available allowances, consider estate planning, and explore tax-efficient investments. Seek advice early.

Speak with our local experts by calling us on 01480869466 for a free initial, no obligation chat. For more information and useful content, visitwww.beaconwm.co.uk.

Future fees may apply. Registered and regulated by the FCA No. 526604.