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Top IFA Magazine News

Chancellor Reeves Raises £26B in Taxes at 2025 Budget — Carl Court/Getty Images via Getty Images

Rachel Reeves · United Kingdom

Chancellor Reeves Raises £26B in Taxes at 2025 Budget

63% Center coverage: 127 sources

U.K. Chancellor Rachel Reeves announced her 2025 Budget in the House of Commons on Wednesday. The budget contains £26 billion ($34 billion) in tax rises, led by a three-year extension of the personal tax and National Insurance contributions thresholds, threshold freezes and taxation of salary-sacrificed pension contributions above £2,000.See the Story

Salary-sacrifice pension contributions over £2k to face national insurance charge — Frank Augstein / POOL / AFP via Getty Images via Getty Images

UK Economy · United Kingdom

Salary-sacrifice pension contributions over £2k to face national insurance charge

71% Center coverage: 24 sources

Rachel Reeves has announced that salary-sacrificed pension contributions above an annual figure of £2,000 are to be subject to national insurance charges.See the Story

Income Tax Thresholds: How the Chancellor Just Took a Chunk Out of Your Future Pay

Rachel Reeves · United Kingdom

Income Tax Thresholds: How the Chancellor Just Took a Chunk Out of Your Future Pay

34% Center coverage: 3 sources

The point at which you start to pay tax, and the point where you tip into paying a higher rate of tax have been frozen for three more years.See the Story

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