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Autumn Budget 2025: A financial planning perspective

10 November 2025

Rebecca Williams, Financial Planning Divisional Lead at Rathbones, shares her expert take on what might be announced in the upcoming Autumn Budget. From inheritance tax to pensions, she explores the key areas under speculation and what they could mean for your financial future.


Rebecca Williams, Financial Planning Divisional Lead

Article last updated 1 December 2025.

As anticipation builds ahead of the Autumn Budget, speculation is rife about what the Chancellor might unveil. In this short video, Rebecca cuts through the noise to highlight the most talked-about possibilities and what they could mean for individuals and families planning their financial futures.

With public services under pressure and the UK’s tax burden at a record high, the Government faces tough decisions. Promises not to raise the main taxes have left room for potential changes elsewhere. Rebecca explores three key areas generating headlines:

  • Inheritance tax and gifting rules – Could we see reforms that impact how wealth is passed on?
  • Capital gains tax and property – Might profits from selling your main home be taxed? Could council tax be restructured?
  • Pensions – With ongoing scrutiny, will there be further changes to tax-free cash or contribution relief?

While no one can predict the Budget with certainty, Rathbones is here to help you stay informed and prepared. Watch Rebecca’s summary for a clear-eyed view of what might be ahead.

The noise around the Autumn Budget seems to get louder every year. This time, with almost three months between the announcement and the big day, we’ve had a steady stream of headlines, hot takes, and speculation .

For the Chancellor, balancing the books is no small feat. The Government spends over one hundred billion pounds annually just servicing existing debt. Add to that the rising costs of health and social care, an aging population, and fewer workers, and it’s clear that the pressure is mounting.

Public services are under strain, and although the UKs tax take is at a record high, promises not to raise the main taxes mean everything else is potentially on the table.

So, what might we see?

Firstly, there’s talk of changes to, inheritance tax and gifting rules.

Secondly, revisiting of Capital gains tax. Although it was raised last year, it still sits below income tax rates, and there  is speculation that profits made from the sale of your main home may be taxed or Council tax reformed. And thirdly, pensions. This is a topic that have never been out of the spotlight, with reductions to tax free cash and potential changes to tax relief on contributions. Even a psychic might struggle to predict what will make the cut this time around.

 At Rathbones, we’re not in the business of fortune telling — but we are in the business of cutting through the noise and helping you stay on track to meet your financial goals, whatever the Budget may bring.

Visit the Rathbones Autumn Budget Hub for insights and practical tools, and register for our post-announcement webinar on 27 November, where I’ll be joining the panel to unpack the Budget and what it means for you.

Take action

If you would like to talk to one of our team about the announcements in the Budget and how we could help you make a plan, please fill in the form below and we'll get in touch. Alternatively, please feel free to call us on 0330 390 9191 and we’d be happy to help.

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