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.

Don't worry they'll make you unhappy next time.

This!!

I suspect you will be taxed on a basic average mileage of say 10,000 a year unless you upload the actual mileage if lower and that if people upload fraudulent mileage it will be equalised upon first MOT.

Rinsed - my arse

the fact that you can consider selling / moving / reducing hours / juggling things to improve your quality of life indicates you have it been rinsed …

you have options and agency -
that’s more than many have -
count yer blessings !

Is this satire? I've not read such a big pile of bullshit in a long time

If it's not, then you should be embarrassed by spouting such rubbish

So no private school fees? I’m confused!

This

Watch how this thread fills up with ‘Be gratfeul you’ve got a shirt on your back! Have you got a pot to pee in? If yes, you’re privileged then’

The only time these comments will stop is when all earners, regardless of their hard work, higher education level and greater work-related responsibilities (which triangulate into a higher salary), are reduced to mere homeless wretches.

are your diamond shoes also too tight?

People on benefits around 5k a Year better off. An absolute fucking disgrace. Have as MANY kids as you like and some idiot in the middle will pay for them.

shit show.

Please show your calculations on this one - child benefit for subsequent children is about £17.50 a week or just under £900 a year. These parents are hardly swimming in cash.

Have to cut back on unnecessary spending.

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

Heartbreaking. 💔

What @frozengrapes1 said

Motor trade here. I sincerely hope this is not the route they chose. It’s an obvious one, but there’s so many holes in that.

You can still put £12k into a cash ISA. If you have more than that spare a year then you do realise that is a high amount to be able to save a year from net income?

It's not the child benefit it's universal credit.

No. No they won’t. The overall benefit cap still applies.

I think the real issue here is how expensive nursery is, which I know can’t be helped. If you didn’t have to pay £2k a month for that you’d feel loaded. We’ve now stopped paying nursery and the difference is huge. I also went part time and the cost was one of the reasons!

Ooooh brilliant , that’s all fine then. Jesus.

You are very lucky to have the income you have. You can afford to pay more
My household income is a third of yours and I would be prepared to pay extra tax to help lift children who are much more disadvantaged than yours out of poverty.

Are you sure your DH pays pension contributions via a salary sacrifice scheme. I might be wrong but I think this is unusual in the public sector. The term ‘salary sacrifice’ is often misunderstood.

It’s really badly worded and seems to confuse people. It’s not child benefit that was capped. It was universal credit/tax credits that was capped at two children. It was a two-child, benefit cap. Not a two, child-benefit, cap.

Bit unfair! Her DH is earning that money just as he would be if he was in the private sector.

Where are you affording school fees and a 4 bed house on £140kpa, because I'd like to move there?!