New budget calculator

[Grahame]

I will be £136.53 worse off.

 

I will be spending £30 more on beer, I will be paying £130 more income tax but I will be paying £23 less National Insurance.

 

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[Guest]

306 better off - but cost of living (accorning to the rpi) has gone up way more than inflation, in essence - I am earning less money than I was last year and the year before.......

[sparklygem]

"Next year, the indications are that you will be £250.43 better off."

 

er....ok

[S8 Blade]

Current Year Next Year Difference

Alcohol 0 0 0

Tobacco 0 0 0

Fuel 276.27 276.27 0

Air travel 0 0 0

Income tax 1486.9 1553 £-66.09

National insurance 877.25 854.15 £23.1

Child benefits 0 0 0

Tax credits 0 26.4 £26.4

Vehicle excise duty 142.5 142.5 0

State pension 0 0 0

 

Can anyone explain to me how I'm going to get tax credits from next year?! I've no children, I'm single (well, I've got a bloke but we don't live together), I work full-time and receive no benefits at all - how the hell can I be receiving tax credits?!

[Zebra]

Blimey, ours said:

Next year, the indications are that you will be £1366.8 better off.

I thought every would be in the £1,000 region!

[Funky_Gibbon]

It says I'm going to be £39 better off because of slight reductions in income tax and national insurance. Of course even if that were true it'll get obliterated by rising fuel costs, food prices etc.

[babychickens]

£437.97 better off. That sounds like a few curries and a weekend in a spa to me.

[Dave650]

I'm going to be about £90 worse off...

[Minesadouble]

I hate to throw this in .....but if they stopped Child Benefits ....Would people think twice about pumping out lots of kids maybe ?

[Katie1980]

Im better off on tax and ni apparently. Will this start in April?