Breaking down the Budget: Cash ISA cuts, Lifetime ISA changes, dividend tax hikes and more

AJ Bell experts Charlene Young and Dan Coatsworth react to Rachel Reeves’ autumn Budget in this special edition of the Money & Markets podcast. Financial markets were initially taken by surprise after the OBR report was leaked ahead of the chancellor’s speech, and Dan explains why gilts and equities moved in a certain way. He also dives into the reasons why banking and gambling shares saw big moves. [31:24] There was big news for anyone who uses salary sacrifice to make pension contributions. Charlene explains how the system will change from 2029. [07:35] The taxman is going to take a bigger chunk of your dividends, savings and property income under new rules. Dan also explains how higher property income taxes might lead to higher rent on flats or houses. [10:35] The podcast team explore the changes in store for Cash ISAs [13:00] and why we might see the Lifetime ISA morph into something else. [14:30] Are you lucky enough to have a home worth more than £2 million? Brace yourself for higher taxes. [16:45] Dan argues that a stamp duty holding on shares in newly listed companies doesn’t go far enough. [20:45]. He also explores the extra pressures being piled on small businesses. Charlene reveals some good news from the Budget around energy bills, rail fares and more. [23:53]. She finishes up with important news on frozen allowances [25:50].

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