Key points: Autumn Budget 2024

05/11/24

We have summarised the key points which may effect you from the Autumn Budget 2024; read on to find out more!





  • Rate of VAT to remain unchanged.
  • Employment allowance to increase from £5,000 to £10,500 per annum.
  • Minimum wage for over 21's to increase from £11.44 to £12.21 per hour. 
  • Minimum wage for 18 to 20 year olds to increase from £8.60 to £10.00 per hour. 
  • Minimum wage for apprentices and 16 to 17 year olds to increase from £6.40 to £7.55 per hour. 
  • Employer NIC will increase from 13.8% to 15%.
  • The threshold at which employers NIC is paid will reduce from £9,100 to £5,000.
  • Carers allowance will increase from £151 to £196 per week.
  • The lower rate of capital gains tax will increase from 10% to 18%.
  • The higher rate of capital gains tax will increase from 20% to 24%.