Each year, we publish our Langdowns DFK report, outlining everything you need to know from the Chancellor’s announcements. Yesterday’s Autumn Statement changes include:
- Employers’ national insurance contributions to rise by 1.2 percentage points to 15% from April 2025
- The government will increase personal tax thresholds on income tax and national insurance in line with inflation from 2028-29
- Capital gains tax will be increased. The lower rate will be raised from 10% to 18%, and the higher rate from 20% to 24%
- The government will extend a freeze on the threshold for inheritance tax to 2030, allowing £325,000 to be inherited tax free
- The “national living wage”, the legal minimum for over-21s, will increase by 6.7% to £12.21
Autumn Statement 2024: A Round-Up
If you have any questions, please contact [email protected].
