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Think the Autumn Budget won’t affect you? Think again. Here’s what you need to know
The UK Chancellor’s Autumn Budget is right around the corner, and there’s a lot of talk about potential changes that could hit your wallet. You’ve probably heard that major tax hikes on income and VAT are off the table. But make no mistake, the government still needs to balance the books, and there are plenty of other ways they could bring in extra cash.
As a busy, time-poor professional, you’ve worked hard to get where you are. You’ve got a good job, but your lifestyle has probably crept up alongside your income. You may have a nice house (with a hefty mortgage), and perhaps you’ve started thinking about investing and buying property. With expenses almost matching your income, though, any tax changes could impact your plans for financial freedom.
But don’t worry — while we can’t control the tax man, we can plan to make sure you come out on top. This guide will walk you through five potential changes in the Autumn Budget. Then, it explains how they could hit your finances and give you practical steps to minimise the impact.
(As always, we caveat this with the fact this is speculation and does not represent specific financial advice)
