{"id":1479,"date":"2026-06-21T06:38:02","date_gmt":"2026-06-21T06:38:02","guid":{"rendered":"https:\/\/thenextdigi.com\/moneywize\/?p=1479"},"modified":"2026-06-21T06:40:47","modified_gmt":"2026-06-21T06:40:47","slug":"autumn-budget-2024-2","status":"publish","type":"post","link":"https:\/\/thenextdigi.com\/moneywize\/autumn-budget-2024-2\/","title":{"rendered":"Autumn Budget 2024"},"content":{"rendered":"<p>The principal measures affecting Taxeezy clients, taxwise&#8230;<\/p>\n<h2>Individuals and Landlords&#8230;<\/h2>\n<ul role=\"list\">\n<li>Income tax rates and National Insurance (NI) paid by employees, and of VAT, to remain unchanged.<\/li>\n<li>Income tax band thresholds to rise in line with inflation after 2028.<\/li>\n<li>Basic rate capital gains tax on profits from selling shares to increase from 10% to 18%, with the higher rate rising from 20% to 24%<\/li>\n<li>Rates on profits from\u00a0selling additional property unchanged.<\/li>\n<li>Stamp duty\u00a0surcharge, paid on second home purchases in England and Northern Ireland, to go up from 3% to 5%.<\/li>\n<li>The point at which house buyers start paying stamp duty on a main home to drop from \u00a3250,000 to \u00a3125,000 in April.<\/li>\n<li>The threshold at which first-time buyers pay stamp duty will drop back, from \u00a3425,000 to \u00a3300,000.<\/li>\n<li>The threshold freeze for inheritance tax is extended by a further two years to 2030, with unspent pension pots also subject to the tax from 2027.<\/li>\n<li>Allowances \/ exemptions when inheriting farmland to be reduced\u00a0from 2026.<\/li>\n<\/ul>\n<h2>Specific to the Self-Employed \/ Small Businesses who employ people&#8230;<\/h2>\n<ul role=\"list\">\n<li>Employers to pay NI at 15% on wages \/ salaries above \u00a35,000 per annum from April.\u00a0 This changes from 13.8% on salaries above \u00a39,100.<\/li>\n<li>Employment allowance &#8211; which allows eligible employers\u00a0to reduce their annual National Insurance liability increases from \u00a35,000 to \u00a310,500<\/li>\n<li>The minimum wage for over-21s to rise from \u00a311.44 to \u00a312.21 per hour\u00a0from April<\/li>\n<li>The rate for 18 to 20-year-olds to go up from \u00a38.60 to \u00a310.00.<\/li>\n<\/ul>\n<h2>Measures affecting the Self-Employed incurring transport expenses&#8230;<\/h2>\n<ul role=\"list\">\n<li>The 5p cut in fuel duty on petrol and diesel due to end in April 2025, is retained for another year.<\/li>\n<li>The \u00a32 cap on single bus fares in England, outside London and Greater Manchester, rises to \u00a33 from January.<\/li>\n<li>Air Passenger Duty to go up in 2026, by \u00a32 for short-haul economy flights and \u00a312 for long-haul ones, with rates for private jets to go up by 50%!<\/li>\n<li>Vehicle Excise Duty paid for new non-electric cars to double in their first year, for all but the most efficient petrol vehicles.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The principal measures affecting Taxeezy clients, taxwise&#8230; Individuals and Landlords&#8230; Income tax rates and National Insurance (NI) paid by employees, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-guides"],"_links":{"self":[{"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/posts\/1479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/comments?post=1479"}],"version-history":[{"count":0,"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/posts\/1479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/media\/1480"}],"wp:attachment":[{"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/media?parent=1479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/categories?post=1479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenextdigi.com\/moneywize\/wp-json\/wp\/v2\/tags?post=1479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}