{"id":21512,"date":"2021-11-11T17:05:44","date_gmt":"2021-11-11T17:05:44","guid":{"rendered":"https:\/\/smh.group\/?p=21512"},"modified":"2023-02-15T13:51:03","modified_gmt":"2023-02-15T13:51:03","slug":"the-autumn-budget-taxed-and-spent","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/","title":{"rendered":"The Autumn Budget \u2013 taxed and spent"},"content":{"rendered":"<p><strong>After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.<\/strong><\/p>\n<p>The first Autumn Budget in three years \u2013 and Mr Sunak\u2019s third in less than 20 months \u2013 featured no significant increases in tax. The task of raising extra revenue had already been dealt with earlier in the year, with a range of measures, including allowance freezes and increased corporation tax.<\/p>\n<p><strong>The Budget\u2019s main highlights on the personal front were:<\/strong><\/p>\n<ul>\n<li>There were no changes to inheritance tax and only one technical administrative change to capital gains tax. Both capital taxes had been the subject of extensive reports from the Office for Tax Simplification, so the Chancellor may have abandoned ideas of reform for the short term.<\/li>\n<li>A change to pension tax relief was announced, but not the one some had feared. It involved a potential increase in relief for low earners from 2024\/25.<\/li>\n<li>The increases to National Insurance Contributions and dividend tax, announced alongside the NHS\/Social Care package in September, were confirmed and will start to take effect from April 2022.<\/li>\n<li>The income tax personal allowance and higher rate threshold (outside Scotland) were left frozen, despite higher inflation effectively making the freeze a greater tax increase.<\/li>\n<li>The main ISA contribution limit was frozen at the \u00a320,000 level originally set in April 2017.<\/li>\n<li>The increase to the new and old state pension will be in line with inflation to September 2021 (3.1%) rather than the Triple Lock, saving the Treasury (and costing current and future pensioners) over \u00a35 billion a year.<\/li>\n<\/ul>\n<p>Although the Chancellor said in his speech, \u201cMy goal is to reduce taxes\u201d, this will not happen next year.<\/p>\n<p>It is not too early to start thinking how you might start cutting tax through year-end tax planning. Contact our team on <strong>0114 266 4432<\/strong> or <a href=\"mailto:info@smhca.co.uk\"><span style=\"text-decoration: underline;\"><strong>info@smhca.co.uk<\/strong><\/span><\/a> to get the ball rolling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.<\/p>\n","protected":false},"author":4,"featured_media":21500,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3,16],"tags":[852,180,853,21,227,24,19,74],"class_list":["post-21512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smh-accounting-business-advisory","category-financial-services","tag-autumn-budget-2021","tag-budget","tag-health-social-levy","tag-income-tax","tag-national-insurance","tag-pensions","tag-tax","tag-tax-relief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Autumn Budget \u2013 taxed and spent - SMH Group Accounting &amp; Business Advisory<\/title>\n<meta name=\"description\" content=\"After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Autumn Budget \u2013 taxed and spent - SMH Group Accounting &amp; Business Advisory\" \/>\n<meta property=\"og:description\" content=\"After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/\" \/>\n<meta property=\"og:site_name\" content=\"SMH Group\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-11T17:05:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-15T13:51:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1748\" \/>\n\t<meta property=\"og:image:height\" content=\"1376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brendan Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/\"},\"author\":{\"name\":\"Brendan Hall\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"headline\":\"The Autumn Budget \u2013 taxed and spent\",\"datePublished\":\"2021-11-11T17:05:44+00:00\",\"dateModified\":\"2023-02-15T13:51:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/\"},\"wordCount\":312,\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg\",\"keywords\":[\"autumn budget 2021\",\"budget\",\"health &amp; social levy\",\"income tax\",\"national insurance\",\"Pensions\",\"tax\",\"tax relief\"],\"articleSection\":[\"SMH Accounting &amp; Business Advisory\",\"SMH Financial Services\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/\",\"name\":\"The Autumn Budget \u2013 taxed and spent - SMH Group Accounting & Business Advisory\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg\",\"datePublished\":\"2021-11-11T17:05:44+00:00\",\"dateModified\":\"2023-02-15T13:51:03+00:00\",\"author\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"description\":\"After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.\",\"breadcrumb\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg\",\"contentUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg\",\"width\":1748,\"height\":1376},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/devstagesite.co.uk\/smhgroup\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Autumn Budget \u2013 taxed and spent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/\",\"name\":\"SMH Group\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/devstagesite.co.uk\/smhgroup\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\",\"name\":\"Brendan Hall\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g\",\"caption\":\"Brendan Hall\"},\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/author\/brendan-hall\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Autumn Budget \u2013 taxed and spent - SMH Group Accounting & Business Advisory","description":"After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"The Autumn Budget \u2013 taxed and spent - SMH Group Accounting & Business Advisory","og_description":"After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.","og_url":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/","og_site_name":"SMH Group","article_published_time":"2021-11-11T17:05:44+00:00","article_modified_time":"2023-02-15T13:51:03+00:00","og_image":[{"width":1748,"height":1376,"url":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg","type":"image\/jpeg"}],"author":"Brendan Hall","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Brendan Hall","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#article","isPartOf":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/"},"author":{"name":"Brendan Hall","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e"},"headline":"The Autumn Budget \u2013 taxed and spent","datePublished":"2021-11-11T17:05:44+00:00","dateModified":"2023-02-15T13:51:03+00:00","mainEntityOfPage":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/"},"wordCount":312,"image":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage"},"thumbnailUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg","keywords":["autumn budget 2021","budget","health &amp; social levy","income tax","national insurance","Pensions","tax","tax relief"],"articleSection":["SMH Accounting &amp; Business Advisory","SMH Financial Services"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/","url":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/","name":"The Autumn Budget \u2013 taxed and spent - SMH Group Accounting & Business Advisory","isPartOf":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#website"},"primaryImageOfPage":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage"},"image":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage"},"thumbnailUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg","datePublished":"2021-11-11T17:05:44+00:00","dateModified":"2023-02-15T13:51:03+00:00","author":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e"},"description":"After already increasing taxes by \u00a342 billion a year in 2021, the main focus of Chancellor Rishi Sunak\u2019s Autumn Budget was on spending.","breadcrumb":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#primaryimage","url":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg","contentUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2021\/10\/Autumn-Budget-2021.jpg","width":1748,"height":1376},{"@type":"BreadcrumbList","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/the-autumn-budget-taxed-and-spent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/devstagesite.co.uk\/smhgroup\/"},{"@type":"ListItem","position":2,"name":"The Autumn Budget \u2013 taxed and spent"}]},{"@type":"WebSite","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#website","url":"https:\/\/devstagesite.co.uk\/smhgroup\/","name":"SMH Group","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/devstagesite.co.uk\/smhgroup\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e","name":"Brendan Hall","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g","caption":"Brendan Hall"},"url":"https:\/\/devstagesite.co.uk\/smhgroup\/author\/brendan-hall\/"}]}},"_links":{"self":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/21512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/comments?post=21512"}],"version-history":[{"count":1,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/21512\/revisions"}],"predecessor-version":[{"id":21513,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/21512\/revisions\/21513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/media\/21500"}],"wp:attachment":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/media?parent=21512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/categories?post=21512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/tags?post=21512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}