MFYC December Newsletter

Wishing all our clients and readers a joyful December! Our quarterly newsletter is here with key
updates and helpful reminders about our services.

Thank you for placing your trust in us throughout the year. We’ve been genuinely touched by
the encouraging feedback and amazing reviews you’ve shared.

Wishing you a magical Christmas and a happy New Year—see you in 2026!

Autumn Budget Announcement

The Government’s challenge in its second Budget was how to promote a fairer and more sustainable tax system to promote growth, support public services and help families. The overall price tag of Rachel Reeves’ increased taxes and reduced expenditure will sit at around £26 billion.

Income tax and other main tax rates remain essentially unchanged and frozen for longer, but the taxation of dividends, savings income and property income will rise over the next few years.

To summarise, here are some of the key points covered:

• The personal allowance and the existing income-tax thresholds remain fixed at their current cash
  values for a further three years to 2030/31.
• Tax rates on dividends (from 2026/27), savings income and property income (from 2027/28) will
  increase by 2 percentage points, except for the additional rate on dividends which will stay at 39.35%.
• Fuel duty will increase in stages by 1p per litre on 1 September 2026, a further 2p on 1 December
  2026 and a final 2p on 1 March 2027.
• A new usage-based Electric Vehicle Excise Duty (eVED) will be introduced from April 2028
  establishing a charge per mile for electric cars. Average EV drivers are expected to pay around £240 a
  year initially and plug-in hybrid cars will attract a reduced rate.
• From 1 April 2026, new permanently lower multipliers apply to eligible retail, hospitality and leisure
  properties with rateable values below £500,000. For all higher value business properties, a new multiplier
  will apply.
• A High-Value Council Tax Surcharge will apply from April 2028 to residential properties valued at £2
  million or above, in addition to existing council-tax liabilities, to be charged to the property owner.
• From 6 April 2029, the amount that an employee may contribute to a pension through salary sacrifice
  without paying national insurance contributions (NICs) will be capped at £2,000 a year.
• The individual savings account (ISA) subscription limit remains £20,000. But from April 2027, savers
  under age 65 must invest at least £8,000 of the annual ISA allowance in qualifying investments such as
  shares and authorised funds, rather than in cash.
• The two-child limit for Universal Credit is abolished. Families with more than two children will no
  longer see their entitlement restricted.

As ever the Budget publications contained a wide range of detailed proposals and much to digest. Our Budget summary highlights the key aspects likely to affect you. To view a more detailed breakdown of the budget and how it may affect you click here to view our Autumn Budget 2025 - Everything you need to know.

If you have any questions about what you should do next, please get in touch.

Tax treatment varies according to individual circumstances and is subject to change.

Have you future-proofed your income?

What if you sustained an illness or injury and were unable to work. How would you fund your current lifestyle? And if you have a family, how would you continue to support them? Income protection is a plan that will pay a monthly proportion of your salary to help see you through the unexpected.

The policy is designed to pay out up to 60% of your gross salary, monthly (tax free) should you be unable to work due to accident or sickness (e.g. mental health/broken bones/bad back/more serious illnesses etc).

If you would like to know more about this and obtain a quote then please contact one of our helpful and friendly team members.

We do not charge a fee for this service.

Clare - clare.viner@mortgagesforyachtcrew.com

Emily - emily.brook@mortgagesforyachtcrew.com

5* Reviews

The smoothest mortgage application!

 "We had such a smooth mortgage process, Clare was fantastic and as a buyer securing the mortgage was so stress free. The amount we were able to borrow was massively more than doing it solo, getting wages paid in Euros didn't seem to exclude us from a good mortgage rate with a well known lender.
I wish we had used Mortgages for Yacht Crew years ago but will 100% be using again and highly highly recommended!" 

If you have any questions or concerns about your fixed rate mortgage, please do not hesitate to contact any of us here at Mortgages for Yacht Crew or our sister company Marine Accounts for guidance. Don’t forget that you can get yourself locked into a new deal 6 months prior to your fixed rate coming to an end.

This does not mean you are stuck if rates fall again, when the time arrives, it simply allows you to have the best rate available at that time. We will always check the best rates one week before it’s due.

If you think you may be affected by any of the topics above and are unsure of your position, you can contact clare.viner@mortgagesforyachtcrew.com for advice.

Kindest regards,

Clare Viner
Principle Mortgage Advisor
T: 07773 355523

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