02/11/2026
Last week, the Chancellor delivered the Autumn Budget, setting out a range of measures designed to ease the cost of living, support businesses and shape the UK’s economic future.
But what could the announcements mean for your finances?
Here are some of the key takeaways 👇
💷 Savings and property income
From April 2027, tax rates on savings and property income are set to increase by two percentage points across all tax bands. This could affect how some individuals approach their savings and property investments.
🏡 First-time buyers
A new First-Time Buyer ISA is planned for April 2029, offering a 25% government bonus towards a first home. Existing Lifetime ISA holders will be able to continue using their accounts under the current rules.
⚡ Cost-of-living support
Eligible households in England’s council tax bands A–D are set to receive a £100 Household Energy Payment from January 2027, alongside an extension of the temporary VAT cut on electricity until July 2027.
👵 Support for pensioners
From April 2027, a new Pension Tax Allowance is intended to help pensioners whose total income is no higher than the full new State Pension avoid an income tax liability arising from State Pension increases.
📊 What does this mean for your financial plan?
Budget announcements can have implications for your savings, investments, retirement plans and long-term financial goals. While not every change will affect everyone, it’s a useful reminder to review your arrangements and ensure they remain aligned with your circumstances.
At Orestone Wealth Management, we believe that good financial planning is about looking ahead, understanding your options and making informed decisions with confidence.
If you have questions about how the Budget could affect your financial plans, speak to one of us!
