'We’ll be £604 better off a year due to mini Budget tax cuts'
It means that Jordan will save £84.30, and Amelia £184.30.
The extra cash will come in handy for the couple, who have seen their budgets ravaged by the cost of living crisis.The cost of nappies, wipes and clothing for their four-month-old baby, Blossom, has eaten into their savings because they don’t have enough money to get by each month.“If we get halfway through the month and can’t afford a big food shop, we’ll go to our parents houses and have tea there.
“I’ve taken out an overdraft which I’ve never needed to do, even when I was a student - I’m mortified about, but without it, I wouldn’t be able to afford everything.”She and waste refuge operative, Jordan, 23, are terrified about energy bills going up in winter.“We’re not going to be able to afford heating, we’ll have to put dressing gowns on, extra socks, and extra blankets.
Workers only start paying income tax once they start earning over the personal allowance - which currently stands at £12,570.How will you benefit from the National Insurance hike reversal?after the Chancellor reversed the National Insurance rate rise.
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