Absolutely rinsed in this budget - almost £1k a year worse off.

diddums

Yep. It’s incredibly hard to imagine that being the case but it definitely is. Our household income is ten grand less and we are very frugal indeed. Literally no luxuries, yellow sticker items, charity shop and Vinted clothes, no holidays abroad.

I haven’t assumed anything - I’ve given my opinion based on my experience. You’ve misread and misquoted that, perhaps deliberately.

Part of the problem is, despite the high salaries, with private nursery fees and a big mortgage, this doesn't equate to a lavish lifestyle anymore.

THANK YOU!!

This is the 2nd post I've seen today from someone claiming to be a middle earner when they're actually earning £140,000 a year...reality check much?

OP, this is MN. If you are anywhere on the scale other than the breadline, you will be absolutely annihilated. And if you dare complain about getting by on your income, you will be told to ‘read the room’, ‘check your privilege’ and all the other cliches

Do you agree with the OP that she has been rinsed by this budget then?

Fair enough to feel the sting of paying additional taxes, but use the right words.
It's people on high incomes saying they are struggling or feeling rinsed the irks most of the people on average incomes.

You really have assumed a lot with your ridiculous statement as none of it is true. I actually have many friends who earn way over 100k and funny they don’t mention luck, they talk about hard work and dedication to their job which is the ongoing and I respect them for that greatly. But good luck in finding more of the “lucky” ones on to listen to on the TV

We like many other employers, passed over the saving of salary sacrifice to our employees - they will wholly feel the hit - it will make no difference to many employers who saw salary sacrifice as solely a benefit for our employees.

OP, this is MN. If you are anywhere on the scale other than the breadline, you will be absolutely annihilated. And if you dare complain about getting by on your income, you will be told to ‘read the room’, ‘check your privilege’ and all the other cliches.

Living in a country where resentment and hostility toward high earners, big houses, and anyone with more is so strong can be exhausting. Life’s too short to put up with this petty, jealous, and frankly unsettling U.K. attitude.

OP, think about whether your job, skills, and qualifications, along with those of other adults in your family, are transferable. Then consider the idea of moving abroad, leaving everything here behind, and researching if there are countries and companies offering opportunities and advantages you can’t find here.

Yeah all of those things are great bar the NHS, would be great if looking after scrounger's kids was opt in though. Same with disability, let people opt out on the condition they will never be able to claim for themselves once opted out. It's a shame for people with disabilities that actually stop them from working but they can complain to the ADHDers.

So many more people are going to be affected by the mansion tax indirectly.

All homes in F,G and H are to be revalued. Those worth over £2m will be affected by mansion tax. Those which are in the wrong band (and there will be a LOT given that houses are banded based on 1991 values) will be put into the correct band. As a result, even if the council tax values remained the same (which they won't because these are set locally), then a very large number of homes will see an increase in their council tax bill.

Oh my word...get the hanky out and dab your nose, dry your eyes. However will you cope with so much going for you. Damn...you might have to buy bottom-shelf Waitrose produce.

Honestly...

Because so many children are living in absolute poverty. Parents will still have the children because the reality is that a lot of people who live on benefits are there because they are from disadvantaged families and are uneducated. Is it right that those children suffer for the choices of their parents and the cycle continues. The real answer though is to tax millionaire and billionaire wealth in this country - none of the parties apart from the Green Party will even consider it though. I wonder why...

Pensions salary sacrifice mostly affect employers NIC so not sure how that will cost you. Yes 2% employees NIC - but that won’t be much. For it to be £700 you have to be paying in £35k a year which seems a lot, I mean if you can afford £35k a year salary sacrifice into pension you must have loads of spare cash??

Is house worth £2m?
Ev cars I guess as no road tax so clearly this was coming.

I think you actually need to read what the implications are for you falling out of the budget as its looking like you have seen the headlines and panicked.

10% of public sector employees have a salary sacrifice pension and around a third of private sector employees. Based on other threads, a lot of people have panicked when it’s clear that they are not in a salary sacrifice pension.

Ditto with the mansion tax.

Maybe brush up on your comprehension skills, mix with successful people more often and you’ll see that high achievers are often humble and realistic about how they got where they did. Hard work, vision, and a lucky break.

What’s ludicrous is to say luck always plays a part. How could you possibly know that? Did you attend their job interviews? Have you met every single person who earns over 100k? But I can see you’re basing your opinion on what you’ve heard on TV. Maybe someone noticed potential in others because they worked hard within their job environment and got noticed that way

We are two hardworking professionals who earn less than you but not loads less. I can't afford to put extra into my pension, have an electric car, have a 4 bed home or send my kids to private school so I'm not feeling much sympathy.

New cars don’t need an MoT though so how will they work it out? Perhaps they’ll ask you to self-declare and then true it up to actual mileage when you finally need an MOT

Luck always plays a part, every single successful person I know or have heard talk on the TV says so. It’s not the only factor, and hard work, skill and qualifications, drive and ambition all play a big part too. But to say luck is nothing to do with it is ludicrous. Lucky that someone saw your potential, or that a job came up at the right time, or that you saw the opportunity. Lucky that you had the good health or free time to support to gain the qualifications in the first place.

You actually sound extremely well off.
Hopefully you make regular contributions to your local food bank.
Its nice to help those worse off than yourself.

Exactly this. I can’t get over the wailing and gnashing about this budget. The country is financially battered, hence the tories calling an early election to get out before the mud stuck to them. We will be about £100-150pcm worse off once the changes come in and do you know what, we will survive. If it means the NHS fights another day, hungry kids get fed, and the load gets spread then so be it.

I would rather have a better paid job than to prop up parents who can’t afford their kids

I feel quite mellow about the budget. Yes I’ll pay more tax as a result, but it could have hit me worse (if they’d put 2% on income tax rates, had their “mansion tax” at a lower threshold etc) so in part the scaremongering stuff worked for me as I am actually relieved because I expected worse. However I am not devoid of empathy, and appreciate some are hit hard and this is going to elicit an emotional response for those that are right now. I don’t have an EV for example, but I am not gloating and saying those that do need to suck up the consequences of their luxury choices. Or come onto mumsnet to post tiny violin emojis.

BUT I really want to see results from the tax rises in this budget - roads, NHS, education, crime stats, control of borders, inflation really need to improve. People are much more likely to be happy to pay tax if they see the other side of the deal, it’s a social contact. I say this as someone whose payment on account i am preparing to pay in January to HMRC would make most people’s eyes water.