Budget 2025: Mansion House Speech

Over the summer, the Chancellor used the now annual, and seemingly ever-increasing in important Mansion House speech, to announce a range of proposals on the regulatory front which may rear their head in November’s budget. The main financial planning points of interest for those in later life were:

Consumer Investment Promotion: The Government will begin a campaign next year to encourage individuals to invest their savings in the stock market. Banks will start sending investment opportunities to savers with cash sitting in low-interest accounts for the first time.

 ISAs: Further to the widely anticipated cut in the cash ISA contribution limit, Rachel Reeves repeated the ‘reform to improve returns for savers’ mantra and vowed to continue discussions on how this could be achieved. However, the only solid ISA update was confirmation that Long-Term Asset Funds can be included in stocks and shares ISAs.

If you are in a position to, or are already invested in long term investments, then we would strongly recommend you take local, face to face advice from our later life financial planning specialists. We are highly skilled and experienced at helping clients in later life and what that means for your money. We are independent, meaning that, unlike many banks and national financial advisers, we are not tied to any investment provider. This means that you and what is important to you, is at the centre of our later life investment advice process.

Over the next few months in the lead up to the Budget on 26th November we will be providing insightful commentary and advice for those in later life. This can be best accessed reviewing our regular blog articles and commentary on the Harold Stephens website and social media channels. Search for ‘Harold Stephens IFA’ on You Tube and subscribe to the channel to get the very latest videos direct from Richard Higgs, later life financial planning specialist.

Finally, register and reserve your place at one of our 2 post-budget Later Life Financial Planning live events to be held on Wednesday December 3rd 2025 by emailing office@haroldstephens.co.uk.