MA & CO Accountants

Budget 2025: Inheritance Tax & Trust Reforms Explained | MA & Co Accountants Budget 2025: Inheritance Tax & Trust Reforms Explained 📅 Published: 26th November 2025 ⏱️ 8 min read 💼 Tax Planning Chancellor Rachel Reeves delivered Budget 2025 on 26th November 2025, introducing significant inheritance tax (IHT) reforms that will impact families, farmers, and business owners across the UK. While the Chancellor maintained existing nil-rate bands and extended certain agricultural and business property reliefs, she also introduced important changes to trust taxation and created new exemptions for compensation payments. At MA & Co Accountants , we've analysed the Budget documents to bring you this comprehensive guide to the inheritance tax changes and their practical implications for your es...

Budget 2025: New £2,000 Salary Sacrifice Pension Cap — Full UK Guide | MA & Co Accountants Budget 2025: New £2,000 Salary Sacrifice Pension Cap Complete Guide for UK Taxpayers & Employers | Effective April 2029 Published: 26 November 2025 | Updated for Budget 2025 ⚠️ Key Change Alert From 6 April 2029, salary sacrifice pension contributions above £2,000 per employee per year will be subject to employer and employee National Insurance Contributions (NICs). This ends the unlimited NICs relief previously available. 1. What Is Salary Sacrifice and What Has Changed? How Salary Sacrifice Currently Works (Until April 2029) Salary sacrifice is an arrangement where an employee agrees to reduce their gross salary in exchange for a non-cash benefit — in this case, employer pension contrib...