Autumn Budget 2017

As Wednesday’s Autumn Budget looms, you might be wondering how it will affect you?

At Evolution Financial Planning, we help clients in all different stages of life, from first time home buyers to those going through big life changes such as separation or retirement.

Naturally we wanted to know what you, our customers, could expect from this year’s budget so we took a look at what the experts are predicting.

Student loans

In a bid to win back the ‘youth vote’ it is thought the government may implement changes to the terms around when student loans need to be repaid.

Evolution Financial Planning says: Anything that reduces the burden on students heading out into the workplace, and limits debt accumulation is great news. Our advisers can help with comprehensive savings and investment advice as well as supporting parents with guarantor mortgage advice for their children.

Stamp duty

It’s predicted that this year’s Autumn Budget may finally deliver the golden ticket to first-time buyers with the scrapping of stamp duty. However, the government is also under pressure to remove stamp duty for older homeowners too. The idea being that such a move would encourage people to downsize and therefore free up more homes for families.

Evolution Financial Planning says: This is great news for first time buyers and we’d love to see this break extended to the other end of the market too.

A mortgage is probably the largest financial commitment you will ever make so it makes sense to ensure you obtain the right one when you first get onto the property market. As a ‘whole of market’ mortgage broker we are able to research the lenders criteria and assess which provider and product will suit you best.


One rumour suggests the government may be about to cut tax relief on pension payments. At present tax relief is linked to salary, so those in the 40% tax bracket get 40% relief, while those on basic rate tax get 20%. One option the government may be considering is a switch to a flat rate somewhere in between the two. If you are a higher-rate tax payer, you can read more about how this might affect you here

Evolution Financial Planning says: Having a pension should always form part of your savings strategy. We offer a comprehensive pension service and our advisers will be able to help you find the best product for you. 

Fuel Duty

Typically ignored in the past few budgets, word is that the government may be about to hit drivers – especially those with diesel cars – with new price hikes in a bid to improve the environment.

Evolution Financial Planning says: Such changes wouldn’t surprise us but could make a big dent in our customers pockets. We always advise keeping track of your daily, weekly and monthly outgoings and you can do this with our free budget planner. Download yours here

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