I have an EV so I will consider it in 2028.
I have one buy to let property as a pension investment so via lose there.
Overall I am not really bothered.
How did the Budget affect you?
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It was as best I could have expected personally.
It hasn’t made a great deal of difference to me, apart from I might get a bit less tax relief on my pension AVCs in my final year of employment, if I can stick at working until 2030, that is.
But my cousin is at the other end of the scale, with three boys, two with SEN, and she will get a much-needed boost by the lifting of the child support cap.
I’m happy to buy a handful fewer LPs each year if it means some kids are lifted out of poverty.
According to budget calculators, not by a penny. For some reason the media is trying to persuade me that I’m losing out on future pay rises because the income tax threshold hasn’t shifted, but I always understood that the Tories lowering NI was a bear trap anyway.
Personally, right now … no change.
Only duty on beer and tobacco in the immediate term.
Salary sacrifice and ISA limits may come into play in a couple of years, but by then the landscape may have shifted so still no affect.
The budget will arguably impactiompadt upon us all at some point since there is apparently no plan for growth, and no plan to manage the upward trend in spending on benefits, pensions, SENDs and a number of pther things. Without the former it’s difficult to see how the latter can be paid for. As things stand we are trying to do more and more things in the context of a growing population and an economy that hasn’t grown in any meaningful sense since 2008.
Every day I witness abject poverty. I’m happy to pay more tax to remove the two child cap. It’s the most cost effective way of lifting children out of poverty, 60% of whom live in working households.
As it happens, the budget isn’t going to have much impact on me. I don’t have a £2 million pound house.
The media seems to be spinning it as an attack on ‘hard working people’, but lifting kids out of poverty amongst all the free school meals, breakfast clubs and so on is fine by me. I will still go electric for my next car. I will pay a bit more tax on my pensions, but I am lucky enough that I doubt I will notice much.
I always think that there is far too much attention to the budget – once the news cycle moves on people just crack on and forget about it.
Never seems to make much difference to me they tot it all up and things are 52 quid a year more for the average household