The Chancellor’s Autumn Budget in 2024 introduced a mix of measures aimed at balancing fiscal stability with support for economic resilience. While targeted reliefs for small businesses and incentives to encourage investment in key sectors were announced, some changes such as an increase in employers’ National Insurance contributions sparked debate about their broader impact. These developments highlight the need to stay informed and take a proactive approach to managing your financial affairs.
Tax planning isn’t just about compliance; it’s an opportunity to optimise your finances and make full use of the reliefs and allowances available before they reset on 6 April 2025. Whether maximising pension contributions, reviewing inheritance tax strategies, or taking advantage of ISAs, acting now can help you minimise liabilities and prepare for the year ahead.
This guide provides a comprehensive overview of the key changes, tax breaks, and exemptions available, alongside practical planning points to help you take action.
For tailored advice and strategic planning to implement any of the suggestions in the guide, get in touch with your local TC Group office.
You might be interested in...
01 May 2026
As we've now entered the new tax year, we've outlined below how to prepare for the new tax system changes for 2026/27 and why planning ahead for your tax return in January 2027 is advised. Read our blog for an overview of the upcoming changes.
Learn more
New Tax System Changes for 2026/27
18 Mar 2026
HMRC now requires digital record keeping, quarterly updates, and a final declaration submitted through approved software. For many, this means a change in habits, administration, and tech.
Learn more
Why do I need an accountant for MTD for Income Tax?
13 Mar 2026
Download the 2026/27 Tax Card. A handy guide to current Income Tax, Inheritance Tax, Capital Allowances, and other statutory rates.
Learn more
2026/27 Tax Card
26 Feb 2026
Year-end tax guide providing you with insights on tax reliefs, obligations and allowances to start the new tax year on solid ground.
Learn more
Year-end tax guide 2025/26
24 Nov 2025
From personal allowances to savings and dividend rates, we’ve broken down the key figures and thresholds for the current tax year, helping you make the most of what’s available and stay compliant with HMRC’s requirements.
Learn more
Rates, allowances and reliefs for Self-Assessment Tax Returns
27 Oct 2025
The holiday season’s a great time to thank your employees for their hard work. You can give tax-free Christmas gifts to you team by following the "trivial benefits" rules.
Learn more
Tax-Free Christmas Gifts for Your Team