UK Budget 2025 Outcomes
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UK Budget 2025 Outcomes
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About this listen
In this episode of Getting Our Reward Heads Together, we explore what the recent UK Budget means for employees — with a particular focus on how the changes will impact women who are more often low-paid workers, and more risk averse in investment decisions.
Reward Heads CEO Victoria Milford is joined by Caroline Masterton, Client Relations Director at Parallel Employee Benefits, to break down how National Living Wage increases, tax thresholds, childcare support, pensions, salary exchange and ISA reforms will shape employee finances and organisational Reward strategies.
They discuss:
- The 2025 and 2026 National Living Wage increases and their impacts
- Rising minimum wage compliance risks
- Frozen tax thresholds pulling millions into tax and higher bands
- The gender pensions gap and long-term financial security
- New limits on pensions salary sacrifice / exchange from 2029
- Cash ISA changes and why investing confidence is still low for women in particular
- What employers should prepare for now
This short episode offers clear, practical insight into how Budget outcomes will influence pay, benefits, and financial wellbeing.
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