The UK Budget 2025 brings mixed news for small businesses, with permanently lower business rates for high streets but higher dividend taxes affecting most firms from 2025 onwards.
The UK Budget 2025 leaves stamp duty unchanged for first-time buyers but introduces significant changes to savings limits, launches a consultation on replacing Lifetime ISAs, and provides cost of living support measures that could free up more money for deposit saving.
The two-child limit on Universal Credit's Child Element will be scrapped from April 2026, lifting 450,000 children out of poverty, though Child Benefit itself remains unlimited for all children.
The Budget 2025 introduces a £2,000 cap on salary sacrifice pension contributions from April 2029, with National Insurance applying to amounts above this threshold, affecting around a quarter of current users.
The UK Budget 2025 freezes income tax thresholds until 2031, introduces a £2,000 cap on NI-exempt salary sacrifice pension contributions from 2029, and provides £4.7 billion additional school funding, creating a mixed financial picture for teachers.
