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.

Yes ‘higher earners’, which you are. Don’t try to claim to be otherwise, it’s a slap in the face to those sitting considerably less comfortably than you.

I don't know. I'll pay what is asked for. I'm a happy tax payer.

Yeah there was the rumours about that the last few days when they were saying they were going to raise bands G and H. But nothing actually was mentioned in the budget so I’m assuming that was scrapped/was just a rumour.

Count your blessings that you can still afford such a privileged lifestyle. Your children will have every opportunity available to them, regardless of you losing just over £100 a month. The difference that removing the two child cap will have on other children will make such a difference, and will mean they have access to the basics that you take for granted. I see the impact every single day and I am delighted that some of the wealthiest in our society will be contributing a little bit more (in the grand scheme of things) to cover the cost.

There’s no obligation to be a member of the pension scheme in the public sector. You’d be an idiot not to though as it would be akin to giving up a big lump of your salary.

To the Tories you are a mythical creature. They can’t conceive of anyone NOT trying to wriggle out of paying their fair share.

Labour will be pleased. They should do a targeted tax for a few thousand a year to SM posters who say this.

You don’t say what bit of the public sector - but if you’re husband is a teacher then he can’t make pension contributions via salary sacrifice so it will make absolutely no difference.

I am either misunderstanding it or me and everyone I know are completely screwed!

Also, very upset about the ISA situation. I will not be investing, that’s why I was using an ISA! I don’t have that kind of money to gamble.

I’m with OP. I’d actually be ok with a small tax rise to go on infrastructure like roads, defence. Instead, the increased NI from pension conts will go on……checks notes…..the welfare state, increased PIP, increased NHS funding, increased pensions.

Actually, I do think hard up working families should get more child benefit. But the families with many children are less likely to be working. Instead, I would have funded an increase in child benefit for child 1 and 2, kept the 2 child limit, and the overallcost to be taken from restricting that blimmin’ winter fuel allowance to only pensioners on pension credit. But hey, I’m not the chancellor.

So on an income of £140k, you are £1k worse off. 0.7% of your income.

I think you'll be OK.

Well spotted. There are virtually no SS schemes in the public sector.

You'll live. God people really dont get it do they!

Between you and the one moaning that her DH on £100k+ (they only get ONE holiday a year don't you know!), I really will save my sympathy on those who can't afford food, heating, clothing, transport.... those who actually suffer. Not you and your massive pensions, your expensive mortgaged house and your private education fees. GTFU!

You're paying private school fees and complaining about being squeezed.

Meanwhile the UK has the second highest rate of child poverty in Europe. And around one million children live in destitution.

A household income of £140K is not a “middle earner”. A middle income is about £35K each. You’ll have to pay an extra £9.60 a week each in tax. I don’t think that amount would be beyond the reach of a couple on such enormous salaries.

Maybe they'll charge 3-years worth at once, based on the mileage recorded at the first MOT.

Not small enough! 😏

You are in an incredibly privileged position. Forgive me if I don’t agree with you.

you have choices:
•downsize or renovate on a more budget scale if you think you’re going into the £2m band
•anyone who buys a house knows the is SLDT -you budget for it. If you can’t afford it, you probably can’t afford the house
•find a different nursery, use childminder
•sell the car and use public transport as having a car for 4k miles a year is an extravagance you could do without.

Be bloody grateful for the fact you have a home, jobs, reliable cars and a good income now and in the future via your pensions etc. There are people out there who are really struggling despite doing their utmost - more than happy to pay my share to help others. You should be too.

With that life shopping list, do you not realise you are in the richest decile of the population?

YANBU OP. You work hard for an increasingly basic existence and a never-ending welfare state that doesn’t benefit anyone who pays into it.

Our take home is c.£7k
Nursery fees £2k
Mortgage £2.5k
Commute x 2 £500
Food / petrol / misc £600
Council tax, bills £500
clothes, activities for family of 4 per month: £200

Leaves £700pcm for ALL savings, so holidays, Xmas, birthdays, emergency fund.

Like I say, we’re comfortable, but we absolutely watch every single penny and £84 a month is a lot to us! And not the lifestyle I would imagine if you told me what we earn. It’s just hard working full time, in a high pressure job, not seeing the kids.

Genuinely thinking of leaving the SW, buying a cheap house, and taking a part time job as I’d be less stressed, see the kids more and be about the same per month!

You pay nearly £40k into your pensions each year, plus for private school (presumably primary school age), and your fretting over £1k?

Well, this government, the leak and this budget are a farce, as ever. 🙄

It might sound good, but taxing landlords will just put tenants out of a home.

The mansion tax disproportionately affects London and other high price areas.

I’m not much affected after it, on a personal level, as I live in social housing, and am retired, and don’t claim any benefits. I live on my pensions. And it’s good news that the ISA changes won’t affect pensioners. 👍

But, on a moral level, it’s unfair that hard working people, as I was, and my ACs are, should not be propping up those (healthy) people that don’t work, and who bring forth children they can’t afford to keep themselves.. 🤷‍♀️

I’m guessing this is another “We live in a bigger expensive than we need and in an expensive area, and we couldn’t be bothered to plan for the inevitable day when interest rates to go up when we bought” thread but framed differently.