I just ran the BBC Budget calculator and it gave me a slightly surprising result; the only problem is that this takes no account of the effect of the VAT rise. I think my VAT bill will rise by more than £87 thus I will pay more, c'est la vie.
The indications are that you will be £85.75 better off.
Breakdown of difference
2010/11 £ 2011/12 £ Difference £ Income tax 5975.00 5775.00 £200.00 National insurance 3012.35 3126.60 £-114.25
1 comment:
Only if you spend more than £4116 in a year on "luxuries". Though if you drive a lot, it will easily go higher than this.
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