Budget tax rises – here’s where they hit the hardest

4 December 2025 12128 Views

Fidelity UK

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This week, we’re sharing our verdict as the dust settles on Chancellor Rachel Reeves’ much-anticipated Budget. What do the newly announced tax changes mean for you? And how have the markets reacted?

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Chapters:
Intro
Budget 2025 overview
The Budget’s impact on financial markets
The Budget’s impact on the UK economy
Tax measures announced
‘Salary sacrifice’ rule changes
Impact of the updated ‘salary sacrifice’ rules
Effect on pension contributions
Who will pay more taxes?
All about property tax
Changes in ISAs
Tax on high-end properties

Capital at risk.

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Budget tax rises – here’s where they hit the hardest

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