Budget “deep-dive” podcast

Budget “deep dive” podcast

Shackleton experts Emma Parla and Adam Ryan delve into the real-world impact of the Budget, having taken the time to review the detail and reflect on financial planning strategies for a post-Budget 2025 world.

In this “Budget 2025 Deep Dive” podcast, Shackleton experts Emma Parla and Adam Ryan discuss the key announcements from the recent Budget, focusing on income tax implications, changes to ISA rules, residential property tax changes, inheritance tax, pension considerations, and the new salary sacrifice rules. The conversation emphasises the importance of financial planning and seeking advice to navigate these changes effectively.

Key takeaways

• Income tax thresholds are frozen until 2031, impacting real income.
• Consider using all available tax allowances to minimize tax burden.
• Changes to ISA rules will affect how individuals can save and invest.
• A new surcharge on high-value properties will impact on council tax for owners of more valuable properties.
• Inheritance tax thresholds have not changed since 2009, affecting more people.
• Pensions will be included in inheritance tax considerations from 2027.
• The importance of having a well-drafted Will to avoid complications.
• Regularly updating expression of wish forms is essential for pension beneficiaries.
• Salary sacrifice changes may reduce employee benefits and pension contributions.
• Planning and advice are critical in adapting to Budget changes.

Important information

This podcast is for general information only and does not constitute advice.  We recommend you speak to your financial adviser before making any decisions. The information is aimed at retail clients and employers only.

No statements or representations made in the article are legally binding upon Shackleton Advisers Limited or the recipient.

The Financial Conduct Authority does not regulate tax advice or estate planning.

The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.

Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.

The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation, which are subject to change in the future.

All references to taxation are in relation to UK taxation and are based on our current understanding of UK laws and HMRC practices. Tax reliefs may change in the future and may not be maintained.  Tax treatment is based on your individual circumstances. All other information is based on our understanding of current legislation and regulation which may be subject to change.

Shackleton is a trading name of Shackleton Advisers Limited who are authorised and regulated by the Financial Conduct Authority. FCA Number 163291. Shackleton Advisers Limited is registered in England and Wales, no. 04129116. Registered Office: 40 Gracechurch Street, London, EC3V 0BT.

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