Budget measures are often the subject of media speculation. But the level of attention in the run-up to the Chancellor of the Exchequer’s Budget statement on 26 November 2025 was unprecedented.
So did the reality match the hype?
For our final Assembly of 2025, we invited Les Cameron from M&G Wealth to join us and share his latest thoughts on what paraplanners need to know following Rachel Reeves’s statement.
Les covers a bunch of different topics that include:
- Inheritance tax changes and business relief updates
- Capital gains tax rates and allowances
- ISA allowances
- Pensions, IHT liability and the role of personal representatives
- Salary sacrifice
- Tax rates, bands and allowances
- Beneficial ordering
- The effect of fiscal drag (or ‘stealth taxes’)
Plus more besides. So if you want to catch up with what’s been announced, what’s changing, or what’s staying the same, this is the Assembly for you.
Assemblies featuring the M&G technical team in 2025
This is the fifth Assembly of the year featuring experts from M&G Wealth’s technical team. Here are the other four from 2025:
February 2025 – Pensions, death and taxes (with Les)
April 2025 – A guide to investment bond essentials for paraplanners (with Barrie Dawson)
August 2025 – Tax wrappers: which, why and when? (with Neil Macleod)
September 2025 – The pension IHT bombshell has landed – now what? (with Les)
