MSE Forum Poll: How does the Autumn Budget 2025 affect your personal financial situation?

frugal90

Looks like Rachel from accounts is again creating a dis-incentive for people to make any personal provision. If all you have is the state pension your tax threshold will rise. If you have a bit of private pension it won’t! Get a grip woman! Not a thing in this budget for growth, just redistribution of the pie!!!! 

vacheron

The fiscal drag will hit me the same as everyone else, but for me the salary sacrifice cap would have been the real killer as I would have been about £6,000 per year worse off. However as this isn't being introduced until 2029 and I am planning on retiring in January 2030, it appears that I have dodged a bullet! 😰

I am still annoyed for anyone trying to provide for themselves who are younger, or intending to retire later, than I am though. 

MattMattMattUK

In the immediate term the increase in dividend tax will make me worse off, medium term the fiscal drag on tax thresholds and the EV tax will make me worse off. More importantly the negative impact on the economy of the continued economic incompetence demonstrated by the government both within the budget and in general will cost me far more. 

MaxiRobriguez

Impacted by changes to salary sacrifice, dividend taxes, freeze on tax thresholds and potentially the changes to ISA's as well if the government follow through with finding a way to stop cash-like investments being held in S&S ISA as a means to workaround the reduction in Cash ISAs subscription to £12k.

I'm low 4 figures worse off. I'm ok with it, it seems reasonably fair in terms of my situation, but I do think there's lots of the population who have it much easier than me (more assets, higher earnings, no dependents etc) who've got away with not having to shoulder anything. I didn't expect anything less though, Governments of all creeds seemingly cannot touch certain demographics and instead rely on the 5th-8th income deciles to plug every gap. 

joedenise

AndyP1957 said:

I have a small private monthly pension of £150 per month.

Is it true that because I'm receiving this in addition to State Pension that I am not exempt from tax on the new State Pension, as this only apparently applies to those with no other income at all

Hardly seems fair

That's how I understand it too.  I already pay tax on my small works pension so will now be having to pay even more.

This was definitely a budget for those who haven't bothered to provide for their retirement and also for those on benefits now.

subjecttocontract

Think I got away with it. I was expecting the worst but looks like I have escaped most things. So, no immediate or short term affect on me. My house is worth less than £2M so providing prices don't rise to fast up to 2028 I should be ok.

Eco_Miser

Fiscal drag means paying more tax on pensions when they go up (actually state pension, as the private one is fixed, even though the tax is taken from the private one).

Dividend tax won't affect me since it's all in ISA.

Savings tax probably won't affect me since there's the PSA and part of the starter rate available. All of the starter rate would have been available if the thresholds had not been frozen. 

No doubt employment cost increases will find their way into my spending. but that's what the pension increase is for.