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.

I’ve seen some of the people at my local food banks. Eyelash extensions, gel nails, lip fillers, turkey teeth and hair extensions. I wonder why they ‘need’ to go to food banks.

Zero sympathy! Use a free decent state school, get rid of your electric car & then come back to complain!

My thoughts also! Unless they're 140k net ...

Where are your school fees? You said you also pay private school fees?

People who earn considerably less than the OP are also hard workers. And many of them will have been hit proportionately far harder than her. I’ll save my sympathy for them.

Are you a volunteer or a client of the food bank?

Only bc middle income is dog shit in the UK. 30k is classed as barely graduate income in most western countries, where taxes are lower and services are better. The shocking thing is that people in the UK think 30 to 60k is a good salary, it is not, at all.

So get rid of electric cars and pump more emissions into a dying planet. Then you will be complaining about the state of the planet for your poor dc bc enough people dont drive electric vehicles. 🙄

They are tax payers too! So don’t get your point! I can never understand the hatred for people who work in the public sector, anyone can apply for a job in the public sector if you think it wonderful! I work in the public sector and it’s an absolute shitshow!

Yes, like many I’ll be about £100 a month worse off and yes I object to lifting the 2 child benefit cap! Having a large family is a lifestyle choice and then expecting the tax payer to fund that choice is insane! Who else is being given a least £5k a year tax free? Benefits should be back to what they were designed for to help people in times of trouble and should be capped to the minimum wage! It’s madness that people are better off not working!

I’m not sure where people think all these tax rises are going, but I work in the nhs and can tell you it’s absolutely not going there! Just the opposite!

Electric car users use the roads too and absolutely should be contributing to their upkeep. Why shouldn’t they?

We’re on a fraction of what the op is and will be still be switching to electric as it still works out much cheaper to run.

It’s certainly going to some parts of the NHS. I’ve seen much more of it than I ever expected to this year and it’s been faultless. Of course that may be because the part I’ve seen is a centre of excellence where the latest innovative treatments are on offer but it’s very clear where the money’s going.

One of the papers yesterday reported that they would revalue those bands as if you purchased a while ago and have extended etc particularly in the South you may not have purchased for over £2m but could now be worth that. So not only do you risk your house now falling into that bracket and having to pay mansion tax but your council tax may also increase by moving up a band.

I don’t buy for all in sundry, but what I do buy is given a lot of thought, especially for my elderly dad and step-mother, (who live a long way from me, and I don’t get to see them very often). I send them a parcel of little things I know they will love and appreciate… my dad loves to see what gadget I will send him this year ( he’s in his mid 80’s). I don’t have Grand children, but my 3 grown up children, and my son-in-law always have a bag of Santa-type surprises.

it comes from a place of love, not duty. I like buying for them.

I was always taught, as a kid, that you should be grateful for anything you receive. I hope nobody thinks my presents are “tat”, even though I do not spend huge amounts of money I can’t afford.

Homes are only revalued for council tax (and only sometimes if there are lots of planning applications etc in the time before they sell) when they are sold/change owners.

I am a high earner and glad to pay my taxes for better public services. To lift children out of poverty. Feels very sad that the country is sliding into a place where everyone only cares about themselves.

My heart bleeds for you 🙄

She does pay more tax. You’ll want more again when people opt out and growth stalls.

I said that yesterday. I'm not a high earner, but I upped my contribution(which work match) as it is through salary sacrifice, I get a bonus(depends on how well the company does) which I can invest in my pension. It takes me over the £2k even without the bonus. It really doesn't incentivise me to invest my bonus anymore or to make higher contributions.

I'm 50 in 2 years time so made the decision when I changed jobs 3 years ago, to build up as much money in my pension pot because I only have 15 years until I retire (my other pension i can get at 65) and want to be comfortable enough to survive without worrying about how I'm going to afford to live.

@bridgetreilly how much more tax do you think op should pay?

That’s crazy. You’re still saving income tax on it. Why wouldn’t you still put it into the pension

4k as a household worse off and we earn half what you do....

Worked bloody hard to get what we have and it really feels like we are being knocked back at every opportunity. Where is the incentive tto do well, work harder ....

Sorry forgot ..it's a labour government😅

How? Which tax increases are making you £4k worse off?

Thats not possible.

There is a lot of creative accounting going on at the moment.

You are at the incredibly difficult stage of life where you are paying a mortgage and nursery fees, but you are absolutely not a middle earner. Even people like you and your husband who are in the top 10% of earners can overspend, but unlike middle earners you can just pay a bit less into your pensions for 3 years until the kids are in school.