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Money Tips Daily by Charles Kelly, former IFA and author of

His Pension LOST £20,000 Since The Start of Iran War

·14 min·1 clip
Charles Kelly reveals his top five predicted tax hikes from Rachel Reeves's November budget, including a bonus sixth.
The episode is a solo commentary by host Charles Kelly, a former IFA and author. He opens by framing the upcoming November budget as necessitating tax rises due to a significant government financial 'black hole'. Kelly criticizes Chancellor Rachel Reeves for backtracking on manifesto promises not to raise income tax, national insurance, or VAT. He presents his 'top five' predicted tax hikes. First, he anticipates capital gains tax increases or relief reductions, particularly targeting high-value assets like property. Second, he suggests national insurance could be imposed on rental income for landlords. Third, he discusses potential inheritance tax reforms, such as removing the nil-rate band for residences. Fourth, he advises listeners to maximize their ISA allowances immediately, as this tax-free wrapper could be under threat. Fifth, he predicts council tax surcharges or new bands for high-value properties. As a bonus sixth prediction, Kelly warns the government might tinker with pension allowances, specifically the 25% tax-free cash lump sum. Throughout, he references data from the Institute for Fiscal Studies (IFS) showing a £22 billion shortfall. He also provides statistics on tax distribution, noting the top 1% pay 28% of all tax. The episode concludes with Kelly teasing the next episode's topic on investing in gold and silver.

As heard by us

A clear, practical guide to possible budget tax rises and the household decisions they may put under pressure.

Charles Kelly frames the coming November budget as a practical test of where Rachel Reeves may look for tax rises, tying the pressure to welfare spending, defence costs, and debt interest.

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Why you'd press play

You will hear Charles Kelly map the tax rises he thinks could be coming in Rachel Reeves' November budget, then bring them back to your ISAs, property, and retirement planning.

Read the full recommendation in PlayNext →
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