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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

to ask how you will be affected by the budget announcements?

776 replies

manicinsomniac · 08/07/2015 17:24

Sorry if there's another thread about this, I can only see lots of speculative ones.

Now that it's announced ... I admit I'm struggling to get my head around it. I don't think it's as bad as I thought? I don't think it can be that good though? I don't think there's a single thing in it that affects me. I'm not sure about any of that though because I find it all quite confusing!

So, ordinary people from ordinary families/households - how are you going to be affected, if at all?

OP posts:
phlebasconsidered · 08/07/2015 22:25

3K worse off. Both of us low paid and working. Ta, tosser.

Egosumquisum · 08/07/2015 22:25

This reply has been deleted

Message withdrawn at poster's request.

HeisenbergSaysHello · 08/07/2015 22:26

According to that calculator we'll be about £270 better off

HeisenbergSaysHello · 08/07/2015 22:28

Sorry i haven't read the full thread yet so apologies if its been mentioned, but surely the tax credits thing only applies to babies born after 2017? So if you currently get tax credits for, say, 4 kids you will still get that? But if you have 2 kids now and have a 3rd after a certain date in 2017 then you wont be entitled?

RagingJellyBean · 08/07/2015 22:29

Erm. So DH and I will get no tax credits next year? I didn't do the calculator right first time... I don't know how that's going to work when we're pretty tight at the moment and that's with tax credits.
I'm actually pig sick with worry now how the hell am I going to afford to work and pay childcare? DD will be 2 and her nursery fees are £436 at the moment and I only get £614 from work. With DH's wage going primarily on bills and a bit left over for food, how the fack are we going to manage?! Holy shit SadSadSad

rollonthesummer · 08/07/2015 22:30

akes me wonder whether 'cash in hand' jobs will become even more prevalent with small employers trying to dodge the new living wage and your average joe trying to top their income up after they scrap their benefits.

I think this is exactly what will happen.

LaLyra · 08/07/2015 22:33

Sorry i haven't read the full thread yet so apologies if its been mentioned, but surely the tax credits thing only applies to babies born after 2017? So if you currently get tax credits for, say, 4 kids you will still get that? But if you have 2 kids now and have a 3rd after a certain date in 2017 then you wont be entitled?

If you have 4 kids now and get tax credits now then you re not affected by the current change.

However if you have more than 2 kids now and don't get tax credits you need to hope your circumstances don't change and you need them because it will apply then.

MelamineTeapot · 08/07/2015 22:33

Also going to be about £1400 a year worse off. No surprise really, considering my circumstances are at complete odds with the Tory ideology.

Single parent, disabled, working part time, full time carer to disabled child and also have another (thankfully) less severely disabled child. X buggered off after eldest's Dx and we were told unborn younger child likely to be affected too. He pays

fairyfuckwings · 08/07/2015 22:37

Well as my husband and I are both contractors we'll be massively worse off. Still, as my husband voted tory as he's so concerned about the deficit I'm sure he'll be thrilled that he's personally contributing an additional 4k in tax.

I voted labour and cared less about the deficit so I'm a lot less thrilled.

For us it will mean a lot less luxuries but at least we'll still be able to eat. Budget for the "working class " my arse!

thegreylady · 08/07/2015 22:38

£80 month worse off which surprised me as we are pensioners.

happy2bhomely · 08/07/2015 22:38

I understand that single parents are being hit hard, but we are a married couple, one breadwinner, no childcare costs and we will still be over £2000 worse off. This is going to affect a lot of people.

It has so far put me off of looking for part time work because it seems we would be worse off. Either way it's all just too confusing. I think maybe we will need to look into ending our claim and doing without it. The thought of the tax credit letter arriving and telling us we've had an over payment is just not worth the stress.

MrsCookieMonster78 · 08/07/2015 22:40

Just bear in mind that if you have CTC and carers allowance and/or are disabled or have disabled children I don't think the calculators being used have enough details to give you the correct change to your income.

frenchfryaddict · 08/07/2015 22:40

Is anyone else getting a totally different calculation between the two sites? As a single mother working 27 hours a week, with 1child the telegraph is telling me I will lose over 1800 a year, however the BBC calculator is telling me I will be 17 pounds a year better off. It seems on the BBC one, it has only reduced my tax credits by a small amount, yet they show as massively reduced on the telegraph one

MayDivorceBeWithYou · 08/07/2015 22:41

Ollie, don't be sorry. Was agreeing with you. Just had shitty day. Feeling pissed off with the world today more ex and Gideon really

Sorry if sounded snippy. Didn't mean to make you feel bad.was good post Flowers

cleanmachine · 08/07/2015 22:42

Really sad for those badly affected. Looks like we may be better off but don't need the extra income.

My friend was saying that if she cuts her work from 16 to 15 hours she loses nothing but on 16 hours she loses 1700! That is shocking. She is a single parent. And how will this work? What's to stop self employed people on a low wage simply changing their hours to 15 hours to ensure they don't lose out?

MrsCookieMonster78 · 08/07/2015 22:42

French I think they are very basic so not that reliable. If you only have paye income and simple CTC's or WTC's it will work okay but any complications are not accounted for. Hopefully there will be a more detailed calculator out in the next couple of days to help people.

rollonthesummer · 08/07/2015 22:45

Sorry i haven't read the full thread yet so apologies if its been mentioned, but surely the tax credits thing only applies to babies born after 2017? So if you currently get tax credits for, say, 4 kids you will still get that? But if you have 2 kids now and have a 3rd after a certain date in 2017 then you wont be entitled?

Yes, but the existing threshold after which the amount you get tapers off is also being greatly reduced which will affect current claims.

GingerCuddleMonster · 08/07/2015 22:45

I'm be worse off by £1400 but if my NMW job increases in pay it seems to balance out Confused

I'm getting really confused... I really can't figure this out, the more I read the more confused I get

MayDivorceBeWithYou · 08/07/2015 22:46

And there are lots of people in worse place than me. Flowers to everyone feeling worried today and to those supporting others. Nice gestures here with donations to food banks. Shameful in this country people need that support.

HeisenbergSaysHello · 08/07/2015 22:47

*If you have 4 kids now and get tax credits now then you re not affected by the current change.

However if you have more than 2 kids now and don't get tax credits you need to hope your circumstances don't change and you need them because it will apply then*

We're not entitled to tax credits anyway, but a lot of people on here seem concerned they will lose £100s in tax credits, but surely those wont be touched? That's what i meant, surely they wont take that much off them, its only those who have a 3rd child after 2017 that wont get them

eatyouwithaspoon · 08/07/2015 22:48

1 working full time public sector job one pt se no child care costs due to pt worker 2400 worse off. We are on the edge of poverty now just about maintining a normal childhood for dc. This will mean the difference between food and heating. I grew up in poverty and feel dispair that my dc will end up living how i did with the far reaching effects it has. We clearly are not all in it together. Sat here in tears.

PtolemysNeedle · 08/07/2015 22:48

I can't get any sense out of that calculator, it assumes I get tax credits but I don't.

I can't work out if I'm going to be better or worse off, I'd assume I'll be slightly better off because of the income tax threshold changing, but as a public sector worker who already does more than I should be expected to do on such shit pay I don't think the reality will reflect that.

Osborne has a cheek telling private companies they should be paying more while screwing public sector workers at the same time.

phlebasconsidered · 08/07/2015 22:51

I am public sector part time too, my OH is self employed, we're screwed, lost all our tax credits. We rely on them in lean months with my OH's work being seasonal. We are only just scraping through as it is.

All those working poor who voted for them thinking they'd be quids in, you won't do that again will you?

Duggee · 08/07/2015 22:54

Maybe you're entilted to claim them then?

MayDivorceBeWithYou · 08/07/2015 22:54

Cleanmachine...i thought same thing but calculator is misleading .

I won't get £80 more with 15 hours and £1000 less with 16. I lose £1000 with wtc on 16 hous but don't qualify for wtc on less than 16. So 15 hours , slight gain due to income tax threshold increase. 16 hours I loose £1000 working tax credit so no better off than 15 hours... I think!