When the Autumn budget was announced towards the end of 2025, it was deemed to have a potential impact on separating couples.
Separation solicitors in North Wales may be prepared for matters such as the mansion tax, inheritance tax rates and changes to pension pots to give couples planning to divorce pause for thought.
When Rachel Reeves announced that there would be a tax applied to higher value properties, there were unforeseen consequences for those who were in the process of separating or planning to do so in the future. Those couples living in more expensive houses may now potentially find themselves in a position where the person remaining in the family home can no longer afford to stay there, even if they had been given the house in a separation or divorce agreement.
The recent changes to the taxes applied to pensions could also affect the finances of couples of who are separating. During 2026 and into 2027, the new tax regimes could mean that even some of the basic rates of pension payments could become liable for taxation, putting additional strain on those who may be struggling due to leaving their partner. Many previous financial arrangements could need revisiting this year as a result of these changing plans.
Our team here at Bennett Smith Solicitors are ready to speak to you about all issues relating to divorce and separation, so pick up the phone now and book an appointment with one of our advisors.
