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

[manicinsomniac]

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?

Shouldn't have done the calculator.
My husband works full time as a manager, I'm currently on maternity and was hoping to be a stay at home mum.
According to calculations we will be £ 2600 worse off. WTF

Single public sector worker with no children, receiving no benefits - I'm unaffected by it.

Ok. Just ran calculator again .My job is 0.4fte. I'm a lecturer . If I say ft post is 40 hours a week , I do 16 hours. If ft post is 37.5 per week, I do 15 hours. (in reality we do way more as is nature of job).

However, under new calculations if I declare 16 hours officially I loose £1000. If I declare 15 hours I gain £80.

The Graun says we will be £60 a year better off, the independent reckons we will be £100 per year better off.

But I will obviously be massively affected due to living in a country which is screwing over the most vulnerable. :(

Sickoffrozen, I appreciate what you're saying but it's not always the case. DH works in the private sector and his pay has never been frozen. Whenever public sector staff complain about being shafted they get told that people in the private sector have it worse. I could argue until the cows come home about why that's not true but it's pointless and detracts from the real issue. It's the government we should be fighting not each other. Whether you're in the public or private sector you're entitled to a fair wage and that means a wage that rises to account for an increase in the cost of living. I'm sorry your pay has been frozen for 7 years though, that's rubbish.

I think the difference is the reduction in working tax credits for some people.
I've never received them but it a hit for some.
I dont get that, surely working tax credits encourages people to stay in work.
Like I say I dont receive them but its not great for people.that do.

I'm losing 1400 a year. I've just told my parents, who totally fail to get it, that I am selling the car "but you must have a car?" Well tell the morons you voted in that then.....

Apparently we will be £256 better off. Maybe we are the demographic that the Tories are trying to suck up to. It won't work, the wankers

We are also both public sector workers so we are both struggling to do the jobs of 3 people each due to 'efficiency savings' in our respective departments. My job may well be down banded or cut altogether next year so the future isn't looking great.

to all those having to deal with cuts. I'm so sorry.

We are going to be over £3k worse off.

1800 per year worse off. Single parent working PT in local government. I will have to work full time but I don't know how that's going to work with having to do all school runs and finding childcare will be easy (sarcasm here) with an autistic six year old who requires full time 1-2-1

£250 better off.
Two workers, no kids, no benefits

4everscottish I'm sorry your parents don't get it. I told mine and my mum slated the Tories and said they'll help me out.

I'm very grateful to have the family support I do. Maybe show them the breakdown?

Well I'm confused. If I stay as I am and work 39 hrs a week I lose 2100 ish a year, if I cut down to 36 hrs a week I lose around 1900 a year. How is it then paying to work?? I really really hope that calculator is wrong.

Maybe marginally better off.

It all still sucks ass though.

Both calculators say we're down around £2k a year, but it doesn't ask about carers/disabled children so that may be inaccurate.

The calculator says we'll be about £350 better off, which is mind boggling when I read the amounts that people are losing, people who could really do with the money

Mind boggling, and fucking disgusting

No better or worse off here.

Just over 1600 worse off and that does not include the fact that because of cuts we have to pay my sons speech therapy -£65 fortnightly, hearing aid batteries (12 do not last 6 months) and leads to attach school computer to his hearing aids

Why are you paying for hearing aid batteries Pear? My hospital hands them out whenever I go in for a hearing related appointment, I get a box every time.

We're also going to be £256 better off. Married, 2 children, both working, don't claim benefits except CB.

and to everyone worried by the cuts.

Will the £256 a year gained from the increased personal tax allowance actually translate to £20 more a month in our pay?

I'm loathe to say it but I'm going to get stung by the cap.

I know that £20,000 is alot but we are in emergency temp housing and our rent is over £15,000 a year because the corrupt system here.

And when I say corrupt I actually do mean corrupt - as in the head of housing at my LA has been arrested and charged with fraud with his family/cronies who he signed over inflated private tenancies with for this emergency housing. £10 million worth apparently...

I have been in this temp place for almost 3 years. I finally found a job which meant I was more likely to find a private rent so I started to save a deposit only to then lose my job and have to use my small savings to live on whilst it took the benefits 6 weeks to start again.

Every time I get a step closer to fixing this I end up worse off. I'll probably be using over half of my JSA in rent top ups because the council won't give us priority bidding to move and will continue lining fraudsters pockets until they either go to jail or go bankrupt when we'll probably be shoved into another temp place/hostel.

£3500 worse off...

we are screwed.

I think we'll be slightly better off due to the tax threshold changes. Both DH and I work FT and both earn enough to pay 40% tax. We don't get any benefits (we lost CB a while ago).

I need to look at the new tax relief limit on pensions though - I'm not sure if the new rules mean I can only get tax relief on the first £10,000 of savings per year into my pension (in which case I'll lose out - or rather move some of my savings into a more accessible and tax efficient vehicle like a stocks & shares ISA) or if the cap is £10,000 tax relief per year (in which case I'll be OK).