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?

£250 better off. I'd be happy to give them that back if it went towards someone losing tax credits (though I appreciate it won't go go far...)

MrsDeVere - I thought the disabled were exempt from the cuts?

I'm not sure that calculator can be accurate, thinking about it. I'm a single parent of three and it said no change for me. But it didn't ask me how much I earn. I can believe there's no change because I'm on a good wage but how on earth does the calculator know that? There should be no difference, according to the calculator, between me and every other single parent - but all the other single parents on this thread are reporting losses of income that are quite frightening.

Maybe it's one of those random calculators that doesn't actually mean anything. Hope so, for all those who are getting unexpected loss results!

My sister earns £5800 a year. Single parent, two kids. Will she lose her tax credits? The calculator says she'll be worse off but will still receive them. We don't understand!

According to the BBC calculator I will be £800 worse off; I work in a low paying job, a single mum with 2 toddlers and it would seem that things are about to go from bad to worse.

well according to the independent calculator we will be nearly £3000 worse off.
Great, that was with me factoring in the pt job I have just been offered (which will pay about, um £3000 a year!). We have 3 children, one of whom is disabled, dh earns quite a bit less than the national average wage. I worked full time and ran my own business up until having children 9 years ago, and I am now a student, who will be working part time.

Manic insomniac you need to go to the next page of the form and type in your salary!

£2,000 pa worse off. That doesn't take into account the pay cut that I will be taking in real terms as a public sector worker. Enjoy your 10% pay rise, Dave, while I'll take my 1% maximum for the next few years. I'm so glad we're all in this together.

2 grand worse off. However, we will have 2 working parents by the end of this year and, putting in a realistic second wage we would be approx £300 better off. I know I'm getting a pay rise at the end of the year so I'm not worried. I realise I am one of the lucky few, for all who will be struggling with this.

I'm confused. Using that calculator, it seems we will be £2400 a year worse off. I SAH, DH works full time earning £38,000. Fair enough. We live in a council house in London (thank god) and we will make things work. I said I would be looking for part time work this year anyway.

But, it says that if I was working part time, 16 hrs, we would be almost £4000 worse off!

How does that make sense?

About £200 better off according to the BBC calculator (due to the change in tax thresholds).

According to the BBC calculator we will be £140 better off.

The changes in the tax credit thresholds and withdrawal rate just punishes workers, while those out of work will continue receiving the same amount. All this does is reduce the incentive to work.

At least £2000 per year worse off. Tax credits -3 children, one disabled, with a DH who is a ft low earner and I get carer allowance.

I have just done the calculations for us.

DH will be £159 worse off

I will be £7,471 worse off .

Not the best result for us.

Hmm. On the basis of the calculator we will be £59.00 per annum better off. I appreciate the calculations are probably more complex than this. However, we are in the top 1%, possibly higher. Whilst I think there needs to be a change the impact on us makes me feel slightly sick. We do not need an extra £59.00.

will the extra tax credits for disabled children be scrapped?

That calculator says we will stay the same, but I am not so sure.

We gain due to increased tax allowance, we don't get working tax credit.

I think it's the lowering of the threshold down to £3800 before you start losing tax credits that is hitting lots of families?

No hazey

£256 better off, 2 working, no children, no benefits.

Must be from the tax allowance increasing and neither of us in the HRT bracket.

But you'll lose an extra 7p for every pound of carers allowance/wages. So it's £227 pa down just because of carers allowance.

Provided dp and I stay together we are £238 better off per year. But as we are indifferent in our future wants he may not be dp much longer. As a single parent who works30hrs, I'd be £1800 worse off. Crazy

Slightly better off but d'ya know what, it's still crap because it is a punishing budget for vulnerable people.

This government have done an absolutely first class job of demonizing wholesegments of our society. I'm pretty disgusted at how easily people have fallen for it.

£40 a week worse off due to tax credit threshold changes. ... 2 dc, 1 severely disabled on high rate, I claim carers and dh works 38 hours a week on near minimum wage. Feeling very fed up :(