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

740 replies

Mushroo · 26/11/2025 13:43

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.

OP posts:
Thread gallery
5
randomchap · 29/11/2025 18:48

Vinvertebrate · 29/11/2025 16:47

“I’d happily pay more tax if I was in your tax bracket” is meaningless when you’re not. Once you are, all your bills go up - and so does the amount of tax you pay, except that goes up much faster than anything else. I grew up in a council house, DM was on benefits for a while, I actually got a free university education, and I’m more than happy to pay a reasonable, proportionate share. But the marginal rate of 62% is outrageous, and I can’t always avoid it. (Variable bonus/income).

There is a petition to rid the cabinet of Reeves at www.sackreeves.com btw. I don’t think her position is tenable in view of the OBR revelations. But I’m also slightly scared of which sixth form debating society moron will be wheeled into number 11. (Please not Lammy..)

How do your bills go up when you're in a different tax bracket? Did British Gas add a surcharge? Vodafone add a extra tax charge? Such nonsense

RashidSanook · 29/11/2025 18:38

PollyPlumPeach · 29/11/2025 18:17

His parents were millionaires before he was born. Both came from wealthy colonial families in east Africa. When they moved to the UK they immediately bought a six bedroom house in an expensive area, and sent all three of their kids to the most elite private schools from primary age through to Winchester (£50k per year per child). They did not do that on a humble GP and pharmacist salary. They had family money.

Good on them regardless.

PollyPlumPeach · 29/11/2025 18:17

xSideshowAuntSallyXx · 29/11/2025 17:25

His father was a GP, his mother a pharmacist. Neither were millionaires just people who worked hard.

He made his money in finance (Goldman Sachs and Hedge Funds). His wealth comes mainly from his wife.

His parents were millionaires before he was born. Both came from wealthy colonial families in east Africa. When they moved to the UK they immediately bought a six bedroom house in an expensive area, and sent all three of their kids to the most elite private schools from primary age through to Winchester (£50k per year per child). They did not do that on a humble GP and pharmacist salary. They had family money.

RashidSanook · 29/11/2025 17:52

xSideshowAuntSallyXx · 29/11/2025 17:25

His father was a GP, his mother a pharmacist. Neither were millionaires just people who worked hard.

He made his money in finance (Goldman Sachs and Hedge Funds). His wealth comes mainly from his wife.

His family worked hard. So did his wife's side. Rishi Sunak respects the work of his parents and his in-laws.

xSideshowAuntSallyXx · 29/11/2025 17:25

PollyPlumPeach · 29/11/2025 16:40

Yes, he successfully chose to be born to millionaire parents and successfully married into a billionaire family

His father was a GP, his mother a pharmacist. Neither were millionaires just people who worked hard.

He made his money in finance (Goldman Sachs and Hedge Funds). His wealth comes mainly from his wife.

Vinvertebrate · 29/11/2025 16:47

“I’d happily pay more tax if I was in your tax bracket” is meaningless when you’re not. Once you are, all your bills go up - and so does the amount of tax you pay, except that goes up much faster than anything else. I grew up in a council house, DM was on benefits for a while, I actually got a free university education, and I’m more than happy to pay a reasonable, proportionate share. But the marginal rate of 62% is outrageous, and I can’t always avoid it. (Variable bonus/income).

There is a petition to rid the cabinet of Reeves at www.sackreeves.com btw. I don’t think her position is tenable in view of the OBR revelations. But I’m also slightly scared of which sixth form debating society moron will be wheeled into number 11. (Please not Lammy..)

PollyPlumPeach · 29/11/2025 16:40

RashidSanook · 29/11/2025 11:57

In all seriousness. I actually like and admire Rishi Sunak and his family for all the success they've had in life.

I think the tax rates in this country are high enough as it is. The largest tax evasion comes from small businesses actually.

Yes, he successfully chose to be born to millionaire parents and successfully married into a billionaire family

Crikeyalmighty · 29/11/2025 14:58

NoKidsSendDogs · 29/11/2025 11:44

People who are genuinely wealthy, people with more money than they could possibly spend in many lifetimes, like Rishi Sunak, those are the ones who should pay. Ordinary people who’ve worked hard to build a comfortable life, pay their bills, support their kids, maybe take a holiday once in a while. They’re the ones who end up squeezed, asked to sacrifice more so that someone else who hasn’t contributed in any meaningful way can take a slice of their earnings.
We’ve reached a point where people genuinely say, “Why bother with a promotion? Any extra money will just disappear in taxes, and I’ll be working harder for nothing.” Meanwhile, certain groups receive government payouts without accountability, and billionaires and corporations contribute a fraction of what they should. If that’s the system, then something is very clearly broken.

Edited

Problem is there really aren’t actually enough of those people to make a massive difference and they are usually savvy enough to have various off shore arrangements /companies to negate tax - it’s not as if they are all working and paying PAYE . Brexit was one of the reasons a lot of very rich ( including media owners) liked the idea because they have enough cash to still be able to get in most country’s or an ability to just move around a lot ( so those issues didn’t matter to them) and the EU were bringing in much more scrutiny on the very wealthy and where they paid tax ( or not) .

RashidSanook · 29/11/2025 13:23

phantomofthepopera · 29/11/2025 13:06

Because he married a wife with a filthy rich family?

He has his own money from his career in the private sector. His wife's family own and run a major Indian tech company who employ lots of people in India. Providing employment and income

phantomofthepopera · 29/11/2025 13:06

RashidSanook · 29/11/2025 11:57

In all seriousness. I actually like and admire Rishi Sunak and his family for all the success they've had in life.

I think the tax rates in this country are high enough as it is. The largest tax evasion comes from small businesses actually.

Because he married a wife with a filthy rich family?

RashidSanook · 29/11/2025 11:57

NoKidsSendDogs · 29/11/2025 11:44

People who are genuinely wealthy, people with more money than they could possibly spend in many lifetimes, like Rishi Sunak, those are the ones who should pay. Ordinary people who’ve worked hard to build a comfortable life, pay their bills, support their kids, maybe take a holiday once in a while. They’re the ones who end up squeezed, asked to sacrifice more so that someone else who hasn’t contributed in any meaningful way can take a slice of their earnings.
We’ve reached a point where people genuinely say, “Why bother with a promotion? Any extra money will just disappear in taxes, and I’ll be working harder for nothing.” Meanwhile, certain groups receive government payouts without accountability, and billionaires and corporations contribute a fraction of what they should. If that’s the system, then something is very clearly broken.

Edited

In all seriousness. I actually like and admire Rishi Sunak and his family for all the success they've had in life.

I think the tax rates in this country are high enough as it is. The largest tax evasion comes from small businesses actually.

Maxme · 29/11/2025 11:56

The problem is the stupid over complex tax and benefit traps that cause undesired behaviour and loopholes.

Simplify tax and benefits to remove them

  • the UC withdrawal rate
  • the CB withdrawal rate
  • the 100k cliff edge

I don't think many higher earner would begrudge a couple of extra pennies on income tax if it rewarded work and we had good services, but these tax traps are infuriating and just make it literally not worth earning more for millions of people.

And each year it gets worse as inflation drags more people into the traps and actually means disposable income reduces.

NoKidsSendDogs · 29/11/2025 11:44

CeciliaMars · 29/11/2025 11:38

A family with a gross income of £140k are well, well above the national average. My husband and I earn way less than you and I would happily pay more tax at your salary bracket in the knowledge that I was much more fortunate than the vast majority of the population. Nursery fees are only temporary by the way. Who do you think should be paying more tax?

People who are genuinely wealthy, people with more money than they could possibly spend in many lifetimes, like Rishi Sunak, those are the ones who should pay. Ordinary people who’ve worked hard to build a comfortable life, pay their bills, support their kids, maybe take a holiday once in a while. They’re the ones who end up squeezed, asked to sacrifice more so that someone else who hasn’t contributed in any meaningful way can take a slice of their earnings.
We’ve reached a point where people genuinely say, “Why bother with a promotion? Any extra money will just disappear in taxes, and I’ll be working harder for nothing.” Meanwhile, certain groups receive government payouts without accountability, and billionaires and corporations contribute a fraction of what they should. If that’s the system, then something is very clearly broken.

CeciliaMars · 29/11/2025 11:38

A family with a gross income of £140k are well, well above the national average. My husband and I earn way less than you and I would happily pay more tax at your salary bracket in the knowledge that I was much more fortunate than the vast majority of the population. Nursery fees are only temporary by the way. Who do you think should be paying more tax?

RashidSanook · 29/11/2025 11:07

I have to say I wish we all didn't descend into insults , being sneery and criticising everyone's job/career.

I think we are all entitled to keep as much as our income as possible

EasternStandard · 29/11/2025 10:53

RashidSanook · 29/11/2025 10:42

They already pay the most. It's very easy to say when it's someone's else's money. Just point and say "let's take theirs"

Yep

RashidSanook · 29/11/2025 10:42

CeciliaMars · 29/11/2025 10:40

You're exactly who should be paying more tax.

They already pay the most. It's very easy to say when it's someone's else's money. Just point and say "let's take theirs"

CeciliaMars · 29/11/2025 10:40

You're exactly who should be paying more tax.

Newmumatlast · 29/11/2025 10:10

BIossomtoes · 26/11/2025 13:49

Private school fees and nursery simultaneously? While also putting a lot into pensions? On £140k a year? Seriously?

Yeah our household income exceeds OPs and I thought the same. OP you feel squeezed because you are choosing to pay for things that are not necessities which squeeze you. I do not feel squeezed but my kids are at state school and my mortgage is lower as though we could have stretched more we chose not to because we wanted a good buffer in our budget for reasons like this - governments change taxes etc.

RashidSanook · 29/11/2025 10:06

Stardustnush · 29/11/2025 09:30

You do realize that the phone, mail, Internet and to an extent rail are supplied by private companies, right? Not through taxes.
And no one is opposed to paying taxes as a principle ! But they are opposed to paying for their money to be frittered away ridiculously. And then asked to pay more because the first time around it wasn't quite enough...

Phone, mail, internet I agree with. Rail's a mess.

phantomofthepopera · 29/11/2025 10:00

Stardustnush · 29/11/2025 09:30

You do realize that the phone, mail, Internet and to an extent rail are supplied by private companies, right? Not through taxes.
And no one is opposed to paying taxes as a principle ! But they are opposed to paying for their money to be frittered away ridiculously. And then asked to pay more because the first time around it wasn't quite enough...

You do realise that those industries are heavily subsidised by the government?

Stardustnush · 29/11/2025 09:30

phantomofthepopera · 29/11/2025 08:05

Why do you assume that taxes merely pay for “life’s ills”? Taxes pay for positive things that we ALL benefit from. We all need well-functioning networks - roads, motorways, rail, post, phone and internet. We need an educated population, businesses wouldn’t be able to run without them.

Even these so called “self-made” businesses owners wouldn’t be where they are without our infrastructure and an educated workforce, that is kept healthy by the NHS; access to clean water and food; and a transport system that allows them to get to work. It doesn’t pay for itself.

How often we see wealthy people begrudge paying their due because they “don’t use the NHS and children attend private school”? They don’t appreciate the vast wealth of public services that they do use every day of their lives.

How many people whinging right now and complaining about scroungers took furlough pay or Covid grants? Some people have very short memories.

Taxes aren’t evil, they’re the mark of a civilised society.

You do realize that the phone, mail, Internet and to an extent rail are supplied by private companies, right? Not through taxes.
And no one is opposed to paying taxes as a principle ! But they are opposed to paying for their money to be frittered away ridiculously. And then asked to pay more because the first time around it wasn't quite enough...

phantomofthepopera · 29/11/2025 08:05

Stardustnush · 28/11/2025 19:47

They already pay more!
Why is this woman's family and everyone else in the same pay bracket accountable for all the ills of this society and fully responsible for fixing them with their money? We already pay taxes and yet there will ALWAYS be people on the breadline. Doesn't matter which govt is in charge. It's the cold reality of life! We don't need to tax people more. We need to waste less money on ridiculous DEI roles in the NHS and hire more nurses; make it easier for business to hire people and give them a Decent salary; tax big corps; tax REAL wealth - 12 % of the society have 60 % of the money of sth like that?; celebrate real success and encourage ppl to do better, to have a sense of individual responsibility and have aspirations (like this woman) instead of giving everyone participation medals and a sense of victimhood

Why do you assume that taxes merely pay for “life’s ills”? Taxes pay for positive things that we ALL benefit from. We all need well-functioning networks - roads, motorways, rail, post, phone and internet. We need an educated population, businesses wouldn’t be able to run without them.

Even these so called “self-made” businesses owners wouldn’t be where they are without our infrastructure and an educated workforce, that is kept healthy by the NHS; access to clean water and food; and a transport system that allows them to get to work. It doesn’t pay for itself.

How often we see wealthy people begrudge paying their due because they “don’t use the NHS and children attend private school”? They don’t appreciate the vast wealth of public services that they do use every day of their lives.

How many people whinging right now and complaining about scroungers took furlough pay or Covid grants? Some people have very short memories.

Taxes aren’t evil, they’re the mark of a civilised society.

Spirallingdownwards · 29/11/2025 06:25

NoKidsSendDogs · 28/11/2025 16:04

And what do you hope to accomplish with this survey? And yeah, sorry, 12k is not that much IMO, take from that what you will.

I take from that you're a goady af mnetter with no concept of reality for the majority of people in this country. So there we go.

Stardustnush · 28/11/2025 19:47

TealScroller · 27/11/2025 16:20

I think if you and your partner earn £70k a year each then I'm afraid it's not unreasonable to expect you to pay more. I think it's more important to ensure that children are brought out of poverty and people can feed their families to be honest. It might suck for you and I'm sure you work really hard, but you're clearly able to afford to send your kids to private school (as is your right) so maybe just suck it up for the sake of others. This country is struggling and there are people out there on the bread line, consider yourself lucky to have what you have.

They already pay more!
Why is this woman's family and everyone else in the same pay bracket accountable for all the ills of this society and fully responsible for fixing them with their money? We already pay taxes and yet there will ALWAYS be people on the breadline. Doesn't matter which govt is in charge. It's the cold reality of life! We don't need to tax people more. We need to waste less money on ridiculous DEI roles in the NHS and hire more nurses; make it easier for business to hire people and give them a Decent salary; tax big corps; tax REAL wealth - 12 % of the society have 60 % of the money of sth like that?; celebrate real success and encourage ppl to do better, to have a sense of individual responsibility and have aspirations (like this woman) instead of giving everyone participation medals and a sense of victimhood

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