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.....

I think the child benefit thing has just got worse - making it MORE complex. And what about HRP???

@ohyouBadBadkitten

Absolutely Miranda, all they've achieved is to reduce the complaints about how unfair it is as a lot of people will feel relieved.

still remains a mess just less of one!

Does anyone know whats happening with Tax Credits for people earning between 12,000& 24k

agree, notenough

Grrrr. They really have missed the point about the unfairness of the CB reforms haven't they?!

lexilicious playing angry birds I reckon...

Doesn't address number of children either so you could have house one with two people working and earning 80K still getting CB, house two one person earning £60,001 with 6 DC getting nothing!

@notenoughsocks

Will put this question here too because I really would like to know:

If it is going to affect as few families as he says then surely it is not that much of an expensive measure.
Why do it at all, then? Especially given the increased admin costs. Is it just moving a universal benefit to a means tested one for the principle of the thing? you are right but budgets much to do with politics not common sense

The personal allowance will increase by £1,100 in 2013-14 to £9205

@IwishIwasmoreorganised

Grrrr. They really have missed the point about the unfairness of the CB reforms haven't they?!

its near impossible to do it fairly, shows you should be more careful when you first hand out benefits.

A bit about CB as the main earner in our family and I'm on 50k. Also have a question - I'm due with 2nd child in July. I'll go down to statuatory maternity pay after 3 months and live off savings for up to a year to maximise time with DC. Will I still be regarded as a 'high tax payer and earner' while on 124 pounds a week??????

"still remains a mess just less of one!"

disagree, this is going to be even more complex to administer.

lexilicious - bet they are tweeting as it happens

Nothing for the young unemployed at all

Does anyone know of any tax credit changes?

And so CB has now got even sillier ! A couple can earn £100k and still get it but single earner on £60k can't. Well I don't earn over £7k and my husbands salary is none of my business, so as I've said before, the Chancellor can go whistle. (I actually don't know if this affects us as I really don't know what he earns. I knew he paid HRT. Will all partners be legally required to give their earnings details out?). Bonkers

my dh earns over 60k and i earn less than 10k does that mean we still get it or not?

in truth a budget that was the most leaked one i can remember, most budgets are forgotten quite quickly, that tells its own story.

So who is liable for if CB is misclaimed...? For example: I do not share finances with my partner. I claim CB. I can't legally demand to know what he earns can I?

@pumpkinsweetie

Does anyone know of any tax credit changes?

need to look at small print, its not always mentioned in speech.

Hurray, Tesco's will pay less tax on their millions of profits. No, wait..

'shows you should be more careful when you first hand out benefits'.

CB is 37 years old. Was born of family allowances - introduced in 1946. Just thought I should add that.

I think he wants us little women to declare our partners income. But what if we don't know ?

BOM - agree its do stupid a small child could see the hole in this policy. But then they probably live in the real world.

I'm starting to think George doesn't actually know about HRP!