Savers sacrificed: Budget 2025 and what it means for your money and wealth

The 2025 Budget has finally landed - Ed and Chris unpick three key areas you need to be aware of for your money and long-term wealth.What’s your take on the big moves? Let us know in the comments. 👇The announcements include big threshold freezes to income taxes and a sneaky student loan earnings threshold freeze. Savers have also been hit with hikes to dividend taxes, savings taxes and pension salary sacrifice allowances. Meanwhile the Cash ISA allowance cut has finally been confirmed, leaving savers less space to shelter their cash from tax.And finally, the guys consider the implications of the new ‘mansion tax’ which will just make the already broken council tax system even worse, all while generating an embarrassingly small amount of money.CONNECT WITH USThank you for watching our video! If you enjoyed this, please give it a LIKE, SHARE it with your friends, and SUBSCRIBE to our channel for more about money.Discover more at https://www.mouthymoney.co.uk and subscribe to our weekly newsletter too.Have questions or suggestions? Drop them in the comments below - we’d love to hear from you! Or contact us at ⁠⁠[email protected] ⁠⁠DISCLAIMERThis video is produced for general informational purposes only. It should not be construed as investment, legal, tax, mortgage or other forms of financial advice. If in any doubt about the themes expressed, consider consulting with a regulated financial professional for your own personal situation. Past performance is no guarantee of future results. Investments can go down as well as up and you may get back less than you started with. Investments are speculative and can be affected by volatility. Never invest more than you can afford to lose. For more information visit ⁠⁠⁠www.fca.org.uk/investsmart⁠Please note, video captions are auto-generated and may not be 100% accurate.