How much better or worse off are you after the budget?

[MrPants]

According to this site Chez Pants are just over £200 better off per year. How did your family fare?

@Clownsarescary. It's a very rough calculation based on some key indicators and it will probably have used one number as a cut-off for TCs. The HMRC calculator is being updated April 6th. Don't panic.

£313 better off

Not that I'd expect anyone to give the information but it would be interesting to know what end of the income spectrum the 'gainers' are vs the 'losers'. A lot said in the last few days about 'robbing from the poor to give to the rich' etc. Would be interesting to know if it stacks up in practice.

Worse off by 270 i have no idea why,i think oits that we wont get tax credots which we have never claimed anyway.

Cog thank you, I really hope not, they really help make ends meet.

Cogito - I can't explain the figures at all or why we are better off - I put down £46k for dh's salary £20k for mine plus £6k self employed.

We don't get child benefit as foster carers so it can't be that

We are being rewarded a bit for nothing I think. We have low tax cars, don't smoke, only drink one bottle of wine a week.

@Laurie... I think you're gaining from the personal allowance increase because you'll both get it. The HRT threshold comes down a little so your DH will pay more of his salary at 40% but it still nets a small gain.

Thanks for explaining

We are £93 worse off based on calculations for our family unit. But it assumes no other changes to family members; last year I was a LP on a low income and only recently got married to DH (HRT so losing CB), so things will be much easier for me financially.

Just under 400 better off. We both work and earn around 60k. I don't think we count as wealthy but we're OK.

108 a month worse off!

Apparently just over 200 better off, but my pension contributions go up next month, so not really.

Couldn't decide whether I pay medium or high car tax. I pay 200quidish I think.

Much worse off. When Child Benefit is removed we will lose over £2k a year for our three children. Add to this the 2 year+ freeze on my teacher salary and this brings it to nearly £4k. In 3 year's time our eldest will be hit with £9k a year university fees - a criminal debt for young people to shoulder before they've even started their careers. And then George Osborne tries to justify removing the 50p tax rate for people earning over £150,000 - which is 5 times my salary!!! We're all in this together? I think NOT!!!!!

Oh - and I forgot to add the pension levy on my salary from the beginning of April. Thanks George, for looking after your own!!!

Hang on sisterbaby.... if you're losing CB completely, someone in your house is earning £60k+ and your teacher's salary (one fifth of £150k) means another £30k. £90k total income. Isn't the whole point for the wealthy to pay more?

Sisterbaby - You are paying more because you are a wealthy family with a household income of £90K+. How peculiar to complain about your loss of child benefit. Besides, you will both benefit from the increased tax free personal allowance are you sure you are worse off.

Swed, if you earn between £100-125k you do not benefit from the increased personal allowance - you actually pay more tax. Scaryteacher mentioned this further up the thread. In our own case the extra tax paid in this way and the loss of child benefit outweigh any gains from the reduction in the 50p rate - we will be worse off by a few hundred pounds a year. We can afford it and won't feel appreciably worse off, but what irks me is that the people on those threads in AIBU about poverty in the UK don't seem to benefiting from the vast amount of tax revenue we're paying - what exactly is the government doing with it? Priorities are all skewed ...

"what exactly is the government doing with it?"

Here's a table showing the breakdown. The pensions, healthcare and welfare budgets comprise just over half of the total spend. 7% is going on servicing the national debt.

The vast majority of people on this thread are net beneficiaries of the 21 March budget. And it's sort of unbelievable that well paid families who are required to take a hit are saying it's Osborne looking after his own.

£431 worse off but mainly due to CB, petrol, oh and our mortage is gooing up by £100 a month.

On a positive DD3 will start school in September so no more nursery fees, just holiday club for 3 children instead!

£420 better off

DH will benefit from the reduction to the higher rate of income tax, but we will still be £1000 worse off next year according to that website.

£250 worse off due to the cut in Tax credits

We earn £34k between us so we are certainly not weathly

£460 worse off on my current salary as i'm already totally tax-free, but we're losing £10/week CTC. if i get the job i'm hoping to we'll £263 better off than we would have been without the changes to income tax.

315 better off. two salaries, one good, one part-time and average, neither of them enough to lose any child benefit. we don't drive much, don't smoke, and don't drink much.