Breaking down the Budget: Cash ISA cuts, Lifetime ISA changes, dividend tax hikes and more
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Show Notes
AJ Bell experts Charlene Young and Dan Coatsworth react to Rachel Reeves’ autumn Budget in this special edition of the Money & Markets podcast.
Financial markets were initially taken by surprise after the OBR report was leaked ahead of the chancellor’s speech, and Dan explains why gilts and equities moved in a certain way. He also dives into the reasons why banking and gambling shares saw big moves. [31:24]
There was big news for anyone who uses salary sacrifice to make pension contributions. Charlene explains how the system will change from 2029. [07:35]
The taxman is going to take a bigger chunk of your dividends, savings and property income under new rules. Dan also explains how higher property income taxes might lead to higher rent on flats or houses. [10:35]
The podcast team explore the changes in store for Cash ISAs [13:00] and why we might see the Lifetime ISA morph into something else. [14:30]
Are you lucky enough to have a home worth more than £2 million? Brace yourself for higher taxes. [16:45]
Dan argues that a stamp duty holding on shares in newly listed companies doesn’t go far enough. [20:45]. He also explores the extra pressures being piled on small businesses.
Charlene reveals some good news from the Budget around energy bills, rail fares and more. [23:53]. She finishes up with important news on frozen allowances [25:50].