From stocks to property, here’s what the Autumn Budget means for UK assets
Money market watchers spoke to CNBC about how Rachel Reeves’ policy mix will shape capital invested in the U.K.
TL;DR
- A three-year stamp duty exemption for shares of newly listed companies is introduced to boost market attractiveness.
- ISA allowances for those under 65 will be reduced from £20,000 to £12,000 annually from April 2027, encouraging investment over saving.
- Taxes on savings interest will rise by 2 percentage points in 2027, with rates set at 22% (basic), 42% (higher), and 47% (additional).
- Taxes on dividends will increase by 2 percentage points next April for basic and upper income tax bands.
- A new tax rate for property income will be introduced from April 2027, mirroring savings interest tax rates.
- A 'Mansion Tax' on homes valued over £2 million will be introduced in England from 2028.
- Tax breaks on salary sacrifice pension contributions will be reduced from 2029, with contributions over £2,000 annually liable for National Insurance.