[Adrian E]

Originally Posted by PsYcHe

And although the personal allowance goes up.. the 40% bracket goes down, so worse off there.. Then I'll lose out on child benefit, that's another £1,400 quid a year.. Reckon I'm going to be about 3k a year worse off!!

Yeah, we're fooked on that as a 1 income household too - my wife will have to do self assessment to keep a % of the child benefit on the sliding scale from £40-50k which is a lot of ongoing agro for very little financial benefit, especially if she gets a pay increase ever again. So they haven't addressed the issue of 2x£40k salaries still getting it all, they've just moved the goal posts a bit....I gather this is because HMRC are incapable of marrying up co-dependants tax details at the same address to allow the system to be any 'fairer' without spending more on sorting out how you determine that than they save by cutting entitlement....

I noticed our local petrol station has whacked 2p on fuel this week just in case there was a drop in duty they needed to 'absorb' in the profit margin! Hopefully that'll drop back down again now, although it's still nearly 150p a litre for v-power! Would be cheaper to run the car on Aldi vodka!!