Craig Simpson, Tax Partner at Bates Weston, looks at the rumoured increase in Employers National Insurance, widely expected to be announced by the Chancellor in the Autumn Budget on 30 October and the decisions facing many employers as a result.
Craig Simpson, Tax partner at Bates Weston, considers the Autumn Budget, and the potential changes for pension tax relief.
In our Autumn 2024 newsletter we look at potential changes to Inheritance Tax, Capital Gains Tax and pensions tax ahead of the Budget, alongside our regular round up of topical news.
Rachel Reeves is building up to tax increases. Capital Gains Tax (CGT) and higher rate relief on pension contributions are the likely targets. Craig Simpson, Tax Partner at Bates Weston sets the scene for tax increases and the actions to consider.
You can read our full report summarising the Spring Budget 2023 here.