Budget Updates
Concise, founder-friendly briefings on the UK Budget and Autumn Statement — what's changing, when it takes effect, and the practical implications for your business. Sourced from GOV.UK and HMRC.
From 6 April 2025, the employer NIC rate rises from 13.8% to 15%, and the secondary threshold drops from £9,100 to £5,000. Most owner-managed businesses will see a meaningful increase in payroll cost — model the impact before your next salary review.
GOV.UK — Autumn Budget 2024The Employment Allowance more than doubles from £5,000 to £10,500 from April 2025, and the £100,000 eligibility cap is removed. This partially offsets the employer NIC rise for many small employers.
GOV.UK — Employment AllowanceMain CGT rates rose to 18% (basic) and 24% (higher) for disposals on or after 30 October 2024. Business Asset Disposal Relief stays at 10% for 2024/25, then steps up to 14% from April 2025 and 18% from April 2026.
GOV.UK — CGT rate changesFrom April 2027, most unused pension funds and death benefits will form part of the estate for IHT. Estate planning involving pensions should be revisited well before that date.
GOV.UK — IHT and pensionsFrom 6 April 2024 the main employee Class 1 NIC rate fell from 10% to 8%. Self-employed Class 4 NIC also fell from 9% to 6%. Useful context when comparing salary vs. dividend remuneration for directors.
GOV.UK — Spring Budget 2024The £12,570 personal allowance and £50,270 higher-rate threshold remain frozen, pulling more income into tax through fiscal drag. Worth modelling into multi-year remuneration and dividend plans.
GOV.UK — Income Tax ratesSummaries are for general guidance and reflect publicly available information from GOV.UK and HMRC at the time of writing. They are not a substitute for tailored advice — please speak with us before acting.
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