1. Inheritance Tax – pension pots to be included in a person’s estate for IHT from April 2027. Agricultural Property Relief and Business Property Relief reduced for combined assets in excess of £1 million

2. Capital Gains Tax – increase in non-residential rates to align with residential property rates from 30 October 2024. Gradual increase in CGT for assets qualifying for Business Asset Disposal Relief and Investors’ Relief

3. Employers’ National Insurance contributions – increased to 15% from April 2025 on earnings in excess of £5,000 (per annum). Increase in the employment allowance to £10,500

4. Non-dom status – Creating a simpler residence-based regime from April 2025

5. Income tax – No increases to the basic or higher rates. No extension to the current freeze to income tax thresholds which applies until April 2028

6. National living wage – increased by 6.7% to £12.21 for people over 21 years

7. VAT on private schools – From 1 January 2025, VAT will apply to all education, training and boarding services provided by private schools

8. SDLT – The higher rates of Stamp Duty Land Tax for purchases of additional dwellings will be increased from 3% to 5% from 31 October 2024

9. Retail, hospitality & leisure (RHL) properties – 40% relief on business rates for 2025/26

10. Fuel duty – the freeze and temporary 5p cut will be extended for one year