Honestly in despair at this government. On a very high level calc, we are so much worse off!
We both pay a lot into pensions, so the NI change is about £700 a year worse off.
We have an EV car, so based on our 4k a year mileage, it’s about £120 a year. (Although how it will be enforced I have no idea).
Stagnating tax thresholds, probably about £100 a year between us.
Council tax F house (4 bed end terrace, not a mansion, needs renovating). So risk of revaluation after having paid a fortune in stamp duty. We didn’t get first time buyer stamp duty relief because we bought about 2 years too early, and we moved before Covid so no relief there either. So overall we’ve paid about £30k in stamp duty already over our lifetime.
Weve already had the private school hit (which is a separate debate and we’ve accepted that) but wow, we are just being kicked on all sides.
We are classic ‘middle earners’ - earn about £70k each, but have mahoosive mortgage and pay over £2k a month in nursery fees already.
Every measure just seems to have a negative effect on our lifestyle, which is ‘comfortable’ but increasingly squeezed.