Budget 2025 Hub

Budget Hub 2025 - Web page header_01.jpg LATEST NEWS: National Minimum and Living Wage rates increased. 21 year olds - £12.71. 18-20 year olds - £10.85. 16-17 year olds - £8.00. | Income tax thresholds further frozen to 2030-31 | National Insurance thresholds frozen until 2030-31 | NI relief on salary sacrifice pension contributions capped at £2,000 to be implemented from April 2029 | New mileage tax for electric vehicles from April 2028 | 4.8% increase to State Pension | Plan 2 student loan repayment threshold frozen from 2027-28 until 2029-30 | Tax relief abolished on homeworking expenses unless reimbursed by the employer | Tax and NI exemption for eye tests, home working equipment, and flu vaccinations extended to cover reimbursements from April 2026 |


Welcome to your hub for the Budget 2025

This page will be updated to include all the latest updates from the Budget 2025, being held on Wednesday 26 November 2025, and includes information to help and guide payroll professionals through the main changes.

The page includes the latest news, resources, and links to internal and external resources.  Please feel free to share this webpage with friends and colleagues.   

The hub will be updated as and when more information becomes available so check back regularly.

Latest news

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  • 14 January 2026

Scottish Budget announced tax bands for the new tax year.

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  • 03 December 2025

Read all of the Budgets latest updates in one summary document.

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  • 03 December 2025

Watch and listen to the key announcements from the Budget in our webcast!

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  • 03 December 2025

The ‘stealth tax’ to be extended.

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  • 02 December 2025

Feared speculation was correct but at least we have the benefit of time.

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  • 02 December 2025

Guidance released for payrolling benefits in kind - take a look!

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  • 27 November 2025

See how the changes will affect payroll.

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  • 27 November 2025

Government is introducing a temporary easement.

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  • 27 November 2025

Read on to find out which employer-provided benefits will be extended to cover reimbursements.

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  • 26 November 2025

BiK rules delayed until April 2030.

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  • 26 November 2025

Changes to the tax relief for homeworking expenses from April 2026.

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  • 26 November 2025

Student loan update.

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  • 26 November 2025

Government maintains commitment to triple lock.

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  • 25 November 2025

NLW to increase to £12.71 from April.

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  • 11 November 2025

Policy representation ahead of Budget to put our case forward around salary sacrifice pension speculation.

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  • 04 November 2025

No further confirmation as to what will be delivered in the Budget.

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  • 27 October 2025

What changes would impact you most from the upcoming budget? Take a look at what your peers have said.

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  • 15 October 2025

Reeves states taxes are being looked at for budget changes following OBR meeting.

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  • 09 September 2025

Rachel Reeves has confirmed the date of the next budget.

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  • 05 September 2025

Chancellor of the Exchequer says: “Britain’s economy isn’t broken. But I know it’s not working well enough for working people.”