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The Story
The budget recovery plan!
Nov 3, 2024
Chris Etherington, a leading tax analyst at RSM, and Tom McPhail, a seasoned pensions expert at the Lang Cat, join to break down the recent budget's impact on personal finances. They discuss the tax increases and implications for employment and property owners, including higher stamp duty and challenges for first-time buyers. The duo also highlights new retirement savings strategies, emphasizing early planning for younger workers. Expect insightful analysis on the complexities of fiscal policies and how to navigate these financial changes.
45:34
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Quick takeaways
- The recent budget reforms, including tax hikes and national insurance changes, will significantly affect individuals' take-home pay and economic growth.
- Financial experts emphasize the importance of reevaluating personal budgets and strategies due to a freeze on income tax thresholds until 2028.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode