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Find out what the Autumn Budget 2025 means to individuals and families. Ward Williams Chartered Accountants provides a breakdown. 

The Chancellor announced her 2025 Autumn Budget Statement on Wednesday 26th November. Ward Williams Chartered Accountants shares the highlights of the announcement.

From 1 December 2025, the FSCS deposit protection limit will rise from £85,000 to £120,000 per eligible depositor, per UK‑authorised institution, with temporary high balance cover increasing to £1.4 million for major life events such as property sales or inheritance. This article explains what the higher limits mean in practice for individuals, joint account holders, businesses, and group structures, and outlines practical steps to review and restructure accounts so more of your cash stays fully protected if a bank fails.

Chancellor Rachel Reeves presented her inaugural Labour Budget on 30 October 2024, outlining a comprehensive plan to tackle a £22 billion fiscal deficit while enhancing public services. Key measures include raising the National Living Wage to £12.21 per hour from April 2025 and increasing National Insurance contributions, which are expected to create financial pressure on businesses, especially small and medium-sized enterprises (SMEs). The Budget also introduces significant revisions to Capital Gains Tax rates and a new surcharge on Stamp Duty for second homes.Concerns have been raised among high-net-worth individuals regarding increased scrutiny and compliance requirements. Businesses face challenges due to rising employment costs stemming from these changes, which could hinder growth and investment. Overall, the Budget reflects a cautious approach to fiscal management amid rising living costs and stagnant public services. As stakeholders navigate these changes, Ward Williams is poised to provide expert guidance to help individuals and businesses adapt their financial strategies effectively in this evolving landscape.

In this informative article from Ward Williams, we delve into the impending changes to non-domiciled tax status in the UK, effective from April 2025. We define what a non-dom is and discuss the abolition of non-dom status alongside new inheritance tax regulations. With transitional provisions offering temporary relief, we provide expert insights and actionable steps to help non-doms and returning British expats understand their tax positions, plan for the future, and make informed decisions. Whether you're considering your residency options or revising your estate planning strategies, our guidance will help you navigate this critical transition with confidence. Reach out to Ward Williams for personalised advice tailored to your unique circumstances.

Ward Williams Accountancy emphasises the urgent need for parents of 16 to 19 year olds in education to renew their Child Benefit claims. With nearly 1 million families at risk of losing payments after 1 September 2024, it is crucial to act by 31 August. Child Benefit provides essential financial support for families, and the renewal process is quick and straightforward through the GOV.UK website or HMRC app. Don't miss out on this important financial assistance—ensure your claim is up to date today!

Navigating the complexities of investment taxation can be challenging, especially with rising interest rates and changing allowances. At Ward Williams, we are committed to helping you avoid unexpected tax surprises. Our expert team breaks down the key factors affecting your investment income taxes, including the Personal Savings Allowance, changes to dividend income, and considerations regarding capital gains. We offer proactive tax planning, self-assessment support, and tailored advice to optimise your tax efficiency. Don’t let tax complexities overwhelm you—let Ward Williams guide you through the intricacies of investment taxation and help secure your financial future.

The UK economy grew by more than initially estimated at the start of this year, according to figures from the Office for National Statistics (ONS). The economy grew by 0.7% between January and March 2024, up from the previous figure of 0.6%. Growth in the UK services sector helped to push it even higher, the ONS said. The positive news on growth followed the UK inflation rate ...

The amount needed for a single person to have a moderate retirement has risen to £31,300, according to the Pensions and Lifetime Savings Association (PLSA). The rising cost of living and an increased importance on socialising following the pandemic had pushed up the income required by £8,000, the PLSA said. The PLSA uses evidence from focus groups to make the estimates, and t ...

Chancellor Jeremy Hunt will deliver the 2024 Spring Budget on 6 March, the government has confirmed. The Budget will include the government's tax and spending plans as well as new growth and borrowing forecasts. It could be the last chance for the government to announce significant changes to tax policy before the general election.The Chancellor used his last big fiscal speec ...