We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
What tax changes are you expecting at the budget?
valueman1
Posts: 138 Forumite
What tax changes are you expecting at the budget? 32 votes
Capital Gains Tax up to 28% and not indexed
46%
15 votes
Pension LTA brought back
9%
3 votes
Cap on lifetime gifts regardless of seven year rule
9%
3 votes
ISA contributions capped at a lower amount, say £5,000 pa
15%
5 votes
SIPP contributions capped at a lower amount, say £20,000 pa
18%
6 votes
0
Comments
-
It needs a multi-select option and 'Other'
5 -
I wouldn’t be surprised to see the ISA allowance reduced to £6,000 or £12,000, as that’s still the means to save £500 or £1,000 tax free per month. It always used to be that the allowance was rounded to be divisible by 12, but that went out of the window when it became £20,000.1
-
You missed out the latest speculation: Personal allowances to be frozen for even longer.3
-
Fiscal drag is a very sneaky tax rise.1
-
Also missed out NI increase on employers.boingy said:You missed out the latest speculation: Personal allowances to be frozen for even longer.
Fuel duty rise.
Reduction of tax free cash from pensions.
Removal of IHT exemptions ( pension, agricultural land etc)
etc.
etc
etc.6 -
Abolition of the 25% council tax single-person discount
3 -
and increased APD.0
-
Fuel duty is inevitable1
-
The big one that's not been "trialled by leak" yet is council tax. Which would IMO be the worst of all and will become a wealth tax in all but name.
As has been pointed out elsewhere, Freeholder or not nobody truly owns their house in the UK. We're all tenants and the council is the landlord.
I'm certain that before the end of this Government Council tax will be massively higher than it already is.1 -
One would hope that, as removing the WFP while sticking rigidly to 1p over the Pension Credit limit being an indicator of someone able to manage without that money has gone down not unlike a bucket of cold sick, they will not remove the 25% single person discount. That would also disproportionately impact pensioners, as they’re more likely to be single following the loss of a partner and to remain so going forward.hallmark said:The big one that's not been "trialled by leak" yet is council tax. Which would IMO be the worst of all and will become a wealth tax in all but name.
As has been pointed out elsewhere, Freeholder or not nobody truly owns their house in the UK. We're all tenants and the council is the landlord.
I'm certain that before the end of this Government Council tax will be massively higher than it already is.
3
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards