This is Money Podcast Bonus: The questions financial planners are being asked after the Budget... and the answers
Dec 4, 2025
Lisa Caplan, a financial planner at Charles Stanley Direct, shares insights into the public's pressing questions following the Budget. She clarifies the 25% tax-free cash limit on pensions and discusses concerns about pensions and inheritance tax. Caplan explains the implications of salary sacrifice changes and promotes using tax wrappers like ISAs for investments. She highlights a new cash ISA allowance structure aimed at encouraging investments and emphasizes the importance of starting early in wealth building. Tune in for expert tips on navigating these financial shifts!
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Speculation Drives Panic, Not Policy
- The Budget caused high public interest and a lot of speculative overreaction before rules were confirmed.
- Lisa Caplan warns planners must interpret confirmed rules, not speculation, when advising clients.
Avoid Knee-Jerk Pension Moves
- Don't make knee-jerk pension moves based on rumours; act on the rules as they stand.
- The 25% tax-free cash cap of £268,275 remains, so plan contributions with that certainty.
Salary Sacrifice Changes Are Delayed
- Salary sacrifice will remain but lose employer/employee NIC advantage from April 2029.
- Lisa warns the change may discourage extra pension saving despite income tax relief still making pensions valuable.