Budget 2012 explained: Live webchat with Mark Dampier, Head of Research at Hargreaves Lansdown, Wednesday 21 March 12.30-2pm

[AntoniaMumsnet]

It's Budget day on Wednesday. What will happen to the 50p tax rate? Will we see a mansion tax? What about child benefit?

It could be a red letter day for your family finances. We are delighted to welcome Mark Dampier to Mumsnet for a live budget webchat. Mark is head of research at Hargreaves Lansdown, the independent financial adviser, and an all-round financial guru. He will be translating the Chancellor's statements as he makes them, and finding time to answer your comments.

Mark will be busy keeping an eye on Osborne, so please don't post questions about your own family finances here (we've got plans for a special Q&A about this later, see below). Do join us here at 12.30, when the fun begins.

Coming up: We've set up a Q&A with a panel of experts to take questions on your family finances after the Chancellor sits down.

Next week, Mumsnet favourite Alvin Hall will be in on Thursday 29 March for a live webchat on savings and investments.

It's all about the Money at Mumsnet HQ.....

Oh that's alright then Swed as long as it was a good in-joke.

Glad they're in the mood for jokes

50% tax rate. A lot of waffle for him about to say "cutting it" (?)

capping of tax reliefs look like a huge complication

45% tax rate, instead of 50%

Down from 50p to 45p

believes he will get 5x money from rich.

Lindsay Hoyle's enjoying his moment, I see.

Yawn - what about CBs?!

@caramelwaffle

Down from 50p to 45p

so much leaked in advance

Now Bom I think

What's with all the braying? Wish they would stop all the posturing and let him get on with it.

CB here we go..,,,

In case we didn't know how many "5" is

"believes he will get 5x money from rich."

I didn't understand how?

[child benefit] .....

Mark, I reckon that capped tax relief thing was that you can squirrel away no more than 25% of your income across all tax reliefs. That'll provide some interesting work for accountants.

Oh here we go, Child Benefit

child benefits childbenefits

Oh dear

Child benefit OMG, how much is that going to COST to administer?

per household or individual with in the house????!!!!

child benefit, avoid cliff edge, gradual withdraw for those over £50,000

Huh?

Does this remove the anomaly or not?

@Lexilicious

Mark, I reckon that capped tax relief thing was that you can squirrel away no more than 25% of your income across all tax reliefs. That'll provide some interesting work for accountants.

Oh here we go, Child Benefit

hardly simple is it!!

Child benefit: Stands by the principle of his child benefit reforms.
But
Instead of withdrawing all at once - it will only be withdrawn where someone earns over £50,000 and the witdrawal will be gradual. So only those with an earner of £60,000 will lose all their CB.