Autumn Budget

[OccultOctopus]

Key points so far:

• Upper tax threshold dropped from £150k to £125k
• Other tax thresholds frozen until 2028
• Windfall tax on energy firms to go up to 35%
• Electric cars will have to pay VED from 2025
• Review of a further pension age rise brought forward
• More people on UC to be given 'support coaches' to help them find work
• Spending squeeze on all depts except health

Yes and these people are also the very people most likely to be renting and therefore subject to LL's increasing rent, which because of HB caps, mean no additional support despiet rent going up.

If only they traditionally voted Tory, they'd be rolling in Hunt & Sunak's generosity.

Well maybe but plenty of people are on 20-30k per year and have mortgages. They still struggle with the cost of everything.

Many on 20-30k will be eligible for UC.

I’m on 31k , DW is on 10k. So 41 k joint income. So I’d say that’s a low salary.

@Dave20 41k is not low. I can appreciate if your in London it won't go far. But you are 2 people able to work more hours in 1 household. You have a mortgage if you want UC so much sell your house in your nice area and put your name down for a council house....I'm sure you will find a lovely area!

With a household income of 41k you aren’t a low income household.

You might find this calculator helpful for seeing where you are in relation to others. For example, with 2 DC, a monthly income of £2900 after tax and NI and £200 council tax per month you are 35th centile (4th decile). That would rise to 48th centile (5th decile) with 1 DC, a monthly income of £2900 after tax and NI and £150 council tax per month.

Having said that, many with your income would still be eligible for UC.

This is a fallacy, we ve people on 21 or 22k, renting and no dependents, they get nothing.

So many single people, either not in live in relationships or children have left home and divorced fall into this bracket.

I think you have to be on less than 16k to get any benefits?

Which I find bizarre. How can any family survive on 16k per year?

They don’t that’s not true. I have a friend on 48,000 year who receives £40 a week.

Can I claim anything with a joint income of £41k ?

No it’s not. I didn’t say all. I said many. Many will be eligible for UC on 20-30k.

That’s incorrect, we have a much higher income but would be eligible for UC if we didn’t have savings. The £16k relates to savings. You can’t claim UC with savings of more than £16k, and between £6-16k the award is reduced.

Whether you can claim UC or not will depend on your circumstances (your/partner’s age, how many DC, age of DC, childcare, whether eligible for disability elements).

You will be able to claim child benefit if you have DC.

Perhaps i mis worded?
i do think many people believe the low paid, ie those above nmw but below say 25k p.a. are all claiming UC, millions are not and are really going to suffer.

But that’s not what I said. I didn’t say they were all claiming, I said many. Many are eligible.

They are only eligible if they have dependent children. They won't be otherwise.

Yes, and many do have dependant DC. Just because not everyone on £20-30k with a mortgage does doesn’t mean it is incorrect to say many do. Besides Dave’s post said “a low wage family”, a single person without DC wouldn’t be described as a family.

That's not how the new system works now on UC. Use the benefit calculator online