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

[Mushroo]

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.

Car mileage is recorded every time your car goes in for an MOT so I suspect, though don't know, that the pay per mile will be linked to that.

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

You are one hundred pounds a month worse off. I’ll save my sympathy for those who continue to live in poverty and would love to be “squeezed” as you have been.

🎻

But you don't have an mot until the car is 3 years old. How is it going to be measured on newer cars?

You’re not a middle earner.

Cry me a river. You are not “middle income” and it’s hilarious that you think you are.

Pension changes aren’t till 2029 and hopefully by then there will be an election and this bunch of clowns will be out for the next one

Considering the top 10% earn more than 59,000 a year, I'm struggling to believe you're in the squeezed middle. You take home 8.5k a month between you...

🙄Bless you

The pay per mile isn’t until 2028
plenty of time to flog them

It’s not only the actual tax it’s the inevitable faff that’s required somewhere to pay the damn thing

Life admin increases too, in other words

The NI charge on salary sacrifice is particually fucking insane.

Hopefully a less fucking stupid chancellor will reverse that.

PPM for EVs was always going to come in sooner rather than later.

I have a plug in hybrid.

How are they going to tell how many miles are done on electric and how many are done on petrol ?

I can see how they calculate this for full EV by reading the mileage at the MOT but for plug in hybrids it makes no sense.

Don’t complain. You have done your public service so that half a million people already welfare dependent who choose to have kids they cannot afford get a £5k a years additional final raise.

Oh OP, you’ve mentioned private school
fees, having a 4 bed house, an EV and funding private pensions. Everyone will assume you and your broad shoulders should
take it on the chin and pipe down. There’s so much hate for people who try to do well in life sadly.

Taxation isn’t “hate”, fgs. It’s society.

Nursery atm and then may continue to private (may not).

As I said, we are comfortable, but less and less so and far less than I thought we would be on our salaries.

We pay a lot into pensions because it’s a responsible thing to do for higher earners, we’d be labelled idiots if we didn’t. (And DH is public sector so has no choice really).

This! I'm sure you can cover that £84 monthly loss somehow on that salary. Get a grip.

You're not middle earners, classic or otherwise - you earn almost double the average for two people working full time.

Middle earners? My arse

You really think that’s what I meant!? Obviously I meant the people will come after her on here with hate. Which they are..

Have I missed the bit about revaluing property F homes? I can’t see anything in the OBR report about that. There’s something about homes worth more than 2 million, but the much talked about council tax bits seem to be missing.
Also, you’re paying NIC at 2%. So your extra cost for pensions (from April 29) will be 2% of whatever you sacrifice. Even if you both sacrifice £1000 per month (which I doubt), that will cost you £40 a month between you.

You have to calculate your estimated mileage for insurance so it might run parallel with those bands - up to 6000 etc - should be fairly straight forward

How much more are you stumping up?

“And DH is public sector so has no choice really”

So your family is funded by tax payers too…