Following the 2025 Budget, frozen tax thresholds and changing pension rules mean planning ahead is more important than ever
The Chancellor’s 2025 Budget brings rising tax pressures for working people, landlords, property owners and savers, but the real question is how you now protect your wealth, assets and family.
Here are the key legal actions individuals should be considering:
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Protecting personal wealth as thresholds freeze
Income tax and NIC thresholds remain frozen until 2031, meaning more of your income will be taxed over time.
- Review your Will and estate plan now to ensure your assets pass tax-efficiently, frozen thresholds mean more estates will drift into the IHT net.
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Property owners need future-proofing
Higher property income tax rates, a new “mansion tax” on £2m+ homes, and rising costs for landlords mean:
- Check whether your current property ownership structure is still suitable.
- Review tenancy agreements to ensure compliance when rents inevitably rise.
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Pension and savings rule changes need legal alignment
Changes to ISA limits for under-65s and pension treatment at death (from 2027) mean:
- Review nominations, trusts and Letters of Wishes to avoid unintended outcomes for beneficiaries.
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Co-parenting & child benefit decisions
With the High-Income Child Benefit Charge unchanged and applying to incomes above £60,000:
- Couples and separated parents may benefit from formal financial arrangements or advice on shared responsibilities.
Bennett Oakley Solicitors can help
A Budget sets the financial landscape, but only legal planning ensures your assets, property and family are protected within it. We advise on Wills, estate planning, property ownership, landlord/tenant issues and family arrangements. For more information and legal advice, please contact our expert legal team today.
