The highly anticipated Autumn Budget 2024 has arrived, marking the first budget from a Labour government in over 14 years. In this special episode of Citrus Bites, host Richard Harris unpacks the key announcements and how they might impact you. From changes to inheritance tax and capital gains tax to a freeze extension on fuel duty and new benefits for smaller businesses, Richard covers all the main points to keep you informed.
Rachel Reeves, the first female Chancellor, pledged to “rebuild Britain” without returning to austerity, promising more funds for the NHS and local infrastructure. Personal tax thresholds are set to adjust with inflation from 2028, while inheritance tax changes will now affect pensions from 2027. Business owners should note the increase in employer National Insurance contributions starting April 2025, with an expected boost in relief for smaller businesses.
Catch up with Citrus Bites to learn more about these budget decisions and what they mean for your finances.
Plus, don’t miss Richard’s upcoming conversation with Quilter Cheviot’s Jonathan Raymond, where they’ll dive deeper into the budget’s implications. If you have questions on these changes, email us at advice@citrusfinancial.co.uk, and we’ll address them in the next episode!
See more of our videos on our YouTube channel.
Make sure you don’t miss out by subscribing to our channel.
For our latest news click here.
