{"id":5580,"date":"2024-10-30T12:41:23","date_gmt":"2024-10-30T12:41:23","guid":{"rendered":"https:\/\/capital-empire.co.uk\/?p=5580"},"modified":"2025-02-18T08:53:12","modified_gmt":"2025-02-18T08:53:12","slug":"%d0%ba%d0%b0%d0%ba%d0%b8%d0%b5-%d0%b8%d0%b7%d0%bc%d0%b5%d0%bd%d0%b5%d0%bd%d0%b8%d1%8f-%d0%b2-%d0%b1%d1%8e%d0%b4%d0%b6%d0%b5%d1%82%d0%b5-%d0%b2%d0%b5%d0%bb%d0%b8%d0%ba%d0%be%d0%b1%d1%80%d0%b8%d1%82","status":"publish","type":"post","link":"https:\/\/old.capital-empire.co.uk\/lt\/%d0%ba%d0%b0%d0%ba%d0%b8%d0%b5-%d0%b8%d0%b7%d0%bc%d0%b5%d0%bd%d0%b5%d0%bd%d0%b8%d1%8f-%d0%b2-%d0%b1%d1%8e%d0%b4%d0%b6%d0%b5%d1%82%d0%b5-%d0%b2%d0%b5%d0%bb%d0%b8%d0%ba%d0%be%d0%b1%d1%80%d0%b8%d1%82\/","title":{"rendered":"What UK Budget Changes Might Affect You?"},"content":{"rendered":"<h4 data-start=\"52\" data-end=\"84\"><strong data-start=\"57\" data-end=\"82\">Minimum Wage Increase<\/strong><\/h4>\n<p data-start=\"85\" data-end=\"251\">From <strong data-start=\"90\" data-end=\"104\">April 2025<\/strong>, the minimum wage for workers over <strong data-start=\"140\" data-end=\"156\">21 years old<\/strong> will rise to <strong data-start=\"170\" data-end=\"189\">\u00a312.21 per hour<\/strong>, while for <strong data-start=\"201\" data-end=\"219\">those under 20<\/strong>, it will be <strong data-start=\"232\" data-end=\"248\">\u00a310 per hour<\/strong>.<\/p>\n<p data-start=\"253\" data-end=\"343\">However, the <strong data-start=\"266\" data-end=\"340\">tax-free personal allowance (\u00a312,570) will remain unchanged until 2028<\/strong>.<\/p>\n<p data-start=\"345\" data-end=\"407\"><em data-start=\"345\" data-end=\"405\">(This means that as wages increase, we will pay more tax.)<\/em><\/p>\n<h4 data-start=\"414\" data-end=\"440\">&nbsp;<\/h4>\n<h4 data-start=\"414\" data-end=\"440\"><strong data-start=\"419\" data-end=\"438\">Buying Property<\/strong><\/h4>\n<p data-start=\"441\" data-end=\"611\">The <strong data-start=\"445\" data-end=\"469\">Stamp Duty threshold<\/strong> for property purchases will decrease <strong data-start=\"507\" data-end=\"536\">from \u00a3250,000 to \u00a3125,000<\/strong>, and the <strong data-start=\"546\" data-end=\"608\">additional tax on second homes will increase from 3% to 5%<\/strong>.<\/p>\n<p data-start=\"613\" data-end=\"685\"><em data-start=\"613\" data-end=\"683\">(This means the amount of tax when buying a property will increase.)<\/em><\/p>\n<h4 data-start=\"692\" data-end=\"726\">&nbsp;<\/h4>\n<h4 data-start=\"692\" data-end=\"726\"><strong data-start=\"697\" data-end=\"724\">Selling Property\/Shares<\/strong><\/h4>\n<p data-start=\"727\" data-end=\"916\"><strong data-start=\"727\" data-end=\"748\">Capital Gains Tax<\/strong> will increase <strong data-start=\"763\" data-end=\"782\">from 10% to 18%<\/strong> (for higher-rate taxpayers, from <strong data-start=\"816\" data-end=\"830\">20% to 24%<\/strong>). This applies to gains from the <strong data-start=\"864\" data-end=\"913\">sale of assets such as shares or second homes<\/strong>.<\/p>\n<h4 data-start=\"923\" data-end=\"981\">&nbsp;<\/h4>\n<h4 data-start=\"923\" data-end=\"981\"><strong data-start=\"928\" data-end=\"979\">Abolition of Non-Domiciled Tax Status (Non-Dom)<\/strong><\/h4>\n<p data-start=\"982\" data-end=\"1165\">From <strong data-start=\"987\" data-end=\"1003\">6 April 2025<\/strong>, foreigners living in the UK <strong data-start=\"1033\" data-end=\"1069\">but holding tax residency abroad<\/strong> will no longer be able to <strong data-start=\"1096\" data-end=\"1162\">avoid paying UK tax on their overseas income and capital gains<\/strong>.<\/p>\n<h4 data-start=\"1172\" data-end=\"1209\">&nbsp;<\/h4>\n<h4 data-start=\"1172\" data-end=\"1209\"><strong data-start=\"1177\" data-end=\"1207\">Pensions &amp; Social Benefits<\/strong><\/h4>\n<p data-start=\"1210\" data-end=\"1393\">State pensions will <strong data-start=\"1230\" data-end=\"1260\">increase by 4.1% next year<\/strong>. At the same time, the <strong data-start=\"1284\" data-end=\"1314\">maximum earnings threshold<\/strong> for those receiving <strong data-start=\"1335\" data-end=\"1355\">in-work benefits<\/strong> will increase <strong data-start=\"1370\" data-end=\"1390\">to \u00a3195 per week<\/strong>.<\/p>\n<h4 data-start=\"1400\" data-end=\"1448\">&nbsp;<\/h4>\n<h4 data-start=\"1400\" data-end=\"1448\"><strong data-start=\"1405\" data-end=\"1446\">Increase in Employer NI Contributions<\/strong><\/h4>\n<p data-start=\"1449\" data-end=\"1639\">From <strong data-start=\"1454\" data-end=\"1468\">April 2025<\/strong>, businesses will be required to <strong data-start=\"1501\" data-end=\"1561\">pay 15% National Insurance (NI) on salaries above \u00a35,000<\/strong>(previously <strong data-start=\"1574\" data-end=\"1608\">13.8% on salaries above \u00a39,100<\/strong>), increasing employer costs.<\/p>\n<p data-start=\"1641\" data-end=\"1703\"><em data-start=\"1641\" data-end=\"1701\">(This could lead to higher prices for goods and services.)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minimum Wage Increase From April 2025, the minimum wage for workers over 21 years old will rise to \u00a312.21 per hour, while for those under 20, it will be \u00a310 per hour. However, the tax-free personal allowance (\u00a312,570) will remain unchanged until 2028. (This means that as wages increase, we will pay more tax.) &nbsp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-5580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"lt","enabled_languages":["en","ru","uk","lt","ro"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":true,"content":true,"excerpt":false},"uk":{"title":true,"content":true,"excerpt":false},"lt":{"title":false,"content":false,"excerpt":false},"ro":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - 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