At the risk of having insults and sarcastic 'poor you's' sent my way, I will happily admit that I am pleased the top bracket is getting a decent decrease.
We entered the property market when we were a two income family. I have been off work for 2 1/2 years as we now have two children. We have had to pay our (admittedly very large) mortgage on one salary, without a single cent in assistance from the government. Apparantly as we are 'wealthy' we don't need anything. As it stands, our mortgage repayments are nearly 60% of our net income, then we have insurances etc on top of that. Doesn't really leave much for bills and grocery money.
When I had DD, I couldn't even claim the parental tax credit. Therefore it is definitely in our favour to be getting a nice increase each month in tax cuts. We will come out ahead as we don't spend vast amounts on goods and services each month, as we simply don't have the cash.
Budget
Topic Options
Post Options
Thanks(0)
