Question 01
Autumn 2026 · For advisers and their clients
Until 28 October, the Ministry of Speculation remains in session. The Budget has happened. Consideration is under way. Published. Considered.
The Budget, Considered.
What changes the decision. How to explain it.
Same Budget.
Different decisions.
Clients will encounter the same headlines. The decisions they face will depend on their circumstances, their concerns and what they want to achieve.
The Budget, Considered separates new Budget measures from unchanged rules and earlier measures due to take effect. It examines what these mean for the planning questions that matter most to advisers and their clients.
Sometimes the Budget will change a planning answer. Sometimes it will leave it intact. The guide helps establish which applies, what still needs review and how to discuss it with the client.
Questions in focus
Should I take my pension tax-free cash now?
What happens to my pension when I die?
Where are we on ISAs now?
Should I pay myself in dividends or salary?
I have a lump sum. What are my inheritance tax options?
Do I need to do anything at all?
A selection of the questions in focus. Final coverage will reflect what is most material after the Budget.
Revised on Budget day. Final coverage in the guide.
Anatomy of a question
Inside every question.
Four perspectives. Applied.
For each question: two pages of adviser analysis and a one-page client conversation planner. The analysis connects the Budget position with a planning judgement, worked example, client behaviour, Consumer Duty and communication. The planner provides topic-specific prompts to prepare and guide the discussion, with space to record the agreed next step and review trigger.
- 01
The verdict, stated first.
A clear judgement under stated conditions, and what would prompt a review.
- 02
Has the Budget changed the answer?
What this Budget changes or leaves unchanged, distinguished from earlier measures due to take effect. Dates and sources.
- 03
What the client is really asking.
The client’s objectives and concerns, and what to establish before reaching an answer.
- 04
The answer, illustrated.
A worked example with clear assumptions and the facts that could change the answer.
- 05
Before the decision.
Consumer Duty in practice: what to establish, explain and record.
- 06
How to explain it.
How to frame the implications clearly and respond to different client concerns.
- 07
Client conversation planner.
A one-page adviser tool with topic-specific discussion prompts and space to record the agreed next step and review trigger.
Four perspectives.
One considered answer.
Technical judgement, client behaviour, Consumer Duty and communication, brought together around the same planning questions.
Tony Wickenden
TechnicalThe rules, how they interact, and what they mean for the planning decision.
Phillip Wickenden
Client behaviourThe objectives, concerns and circumstances that shape the answer.
Simon Collins
Consumer DutyWhat to establish, explain and record before agreeing the next step.
Jamie Dunkley
CommunicationsHow to make the implications clear and the conversation useful.
The film · 24 seconds
The Ministry of Speculation
is absolutely certain.
Everyone is certain about this Budget. We’d rather read it first.
Pre-register for your copyGet your copy · Published Tuesday 3 November
First, the Budget. Then, if we may,
some consideration.
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Your copy of The Budget, Considered. arrives on Tuesday 3 November, the week after the Budget. In the meantime:
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