Budget 2025: what it means for you

The article discusses various tax implications and changes that will affect individuals in the UK, including those on low incomes, pensioners, affluent couples, and car owners. Here are some key points:

1. **Income tax freeze**: The government has announced a three-year freeze on income tax personal allowance, which means more people on low and modest incomes will be dragged into paying income tax.
2. **State pension increases**: From April 2026, the state pension will increase by 4.8% for eligible recipients, including new state pensioners.
3. **New state pensioners**: George and Joan, a retired couple with private pensions, face a higher income tax bill due to the increase in their state pension payments.
4. **Mansion tax**: From 2028, affluent homeowners like George and Joan will face a "mansion tax" of £2,500 on their property value, as part of efforts to fund social care costs.
5. **Electric car owners**: New tax rates for electric and hybrid car drivers come into effect in April 2028, with charges of 3p per mile for electric cars and 1.5p per mile for plug-in hybrids.
6. **Fuel duty cut**: The decision to keep the 5p fuel duty cut in place until September 2026 results in a saving of more than £3 a tank for petrol and diesel car drivers.

Overall, these changes will have varying impacts on different individuals and groups, including those on low incomes, pensioners, and affluent couples. It is essential for them to understand the implications and plan accordingly.

I JUST DON'T UNDERSTAND WHY THE GOVERNMENT IS DOING THIS, YOU KNOW? THEY'RE TALKING ABOUT FREEZING INCOME TAX PERSONAL ALLOWANCE BUT THEN THEY'RE CHARGING THOSE ON LOW INCOMES MORE TAX! AND WHAT ABOUT PENSIONERS LIKE GEORGE AND JOAN?! THEY'RE ALREADY STRUGGLING WITH THEIR PRIVATE PENSIONS, NOW THEY GOT TO DEAL WITH A HIGHER STATE PENSION BILL TOO!

omg i'm worried about ppl who are gonna get hit hard by this income tax freeze especially those on low incomes like 20-30 year olds trying to build their own homes or pay off student loans. it's already so expensive to live in the UK and now they're gonna have to shell out more for every pound they earn? no thanks at least the state pension increase is a nice boost for retirees like george & joan , but i wish there was more support for people on the lower end of the income spectrum

I'm worried about how this mansion tax is gonna affect people like George and Joan, ya know? They've worked hard their whole lives, and now they're being hit with an extra £2,500 on top of everything else. It's just not fair. And what's the point of that money, anyway? Is it really gonna make a difference in social care costs? I'm all for making sure everyone has access to quality care, but let's make sure we're targeting the right people and finding more efficient ways to do it.

And what about low-income families who are already struggling? They're gonna get dragged into paying income tax because of this freeze. It's like, don't they deserve a break or something?

So they're freezing income tax personal allowance but that's not gonna help much for people living paycheck to paycheck, you know? They'll just be paying more on the little bit of money they do have . And what about those who can't afford electric cars or are stuck with old gas guzzlers? The mansion tax is a no-brainer but it's gonna hit a lot of retirees hard like George and Joan, poor guys . They're already struggling to make ends meet. And on the other hand, people saving up for retirement might see some good news in those state pension increases . Still not sure about all these changes, gotta do the math and think it through before I can fully support 'em

I think its gonna be hard for ppl who are on super low income to deal with this income tax freeze they might feel like their money's just slipping away. at least the state pension increase will help out some of our elderly folks but then again, the mansion tax is a big one - it could affect ppl who are just trying to retire comfortably

I just found out about this mansion tax thingy and I'm like Wow ! £2,500 is a lot of cash, especially for people who already have loads of money. And what's up with the state pension increase? 4.8% might not seem like a lot, but it can add up quick .

ugh the mansion tax is gonna hit me hard my neighbour just got a 20k pay rise last year and now they're talking about taxing their house like that's so not fair also these new electric car taxes are a real bummer for me i was really looking forward to getting an e bike but now it's all gonna cost more

ugh, this tax stuff is getting more complicated by the minute ! i mean, who doesn't want a 4.8% state pension increase? sounds nice, but what about those low-income folks getting dragged into paying income tax now?! it's like the gov's all "we gotcha covered" and then they just slap you with more taxes . electric cars are supposed to be eco-friendly, right? so why the £2,500 mansion tax?! george and joan (or whoever) deserve a break, not more financial stress . fuel duty cut's a nice touch tho, at least we're saving some pennies on petrol

I'm like totally confused about this mansion tax thing ... so George and Joan are gonna pay £2,500 more on their house just because they're getting a bigger state pension? That's crazy! And what's with the different tax rates for electric cars? 3p per mile seems super steep ️. I get that we need to fund social care costs, but is this really the best way to do it? Shouldn't we be looking at other options too?

yeah that's not fair at all , more people on low incomes are gonna get hit by income tax freeze, that's so not right ... I mean i guess it's a big deal for retirees like George and Joan tho, they'll be getting a state pension increase which is nice , but the mansion tax is kinda harsh, £2k on top of their house price is a lot ... electric car owners are gonna pay more to drive around, that's weird ... but i guess it's better than keeping fuel duty high

omg u guys! so like they're introducing this mansion tax thingy in 2028 and it's gonna affect ppl with super big houses like george & joan they'll have to pay £2,500 on their property value... that's like, a lot of cash!!! but at least the fuel duty cut is still on until sept 2026 so that's good news for car owners can't wait to see what other changes come in the new year

I think this tax freeze thingy is gonna hit the poor folk hard ... like my aunt who's still trying to make ends meet on a meager income. She's gotta pay more tax now, just 'cause her allowance went up by £5 an hour or whatever. Meanwhile, rich people are gettin' off scot-free . And what's with the mansion tax, though? It's like, they already got all that cash... it's not like they're gonna be made of money by then . I just wish the government would think about how these changes will affect everyday people instead of just tryin' to balance the books

OMG I'm so stressed about this income tax freeze, it's like they're just taking more from people who can't afford it . Low-income folks are gonna be hit hard with no pay rise in allowance . At least state pension increases for new recipients is a good thing , but what about those of us already receiving? We shouldn't have to worry about inflation affecting our pension too .

I'm also confused about this mansion tax ... £2,500 on top of everything else they're taxing us with? That's just not fair . Electric car owners are gonna be paying more for their rides , which is a bummer if you're trying to save the planet .

I'm all for saving social care costs , but there gotta be better ways to fund it than this . Can't we just have a fairer system?

omg u think its gonna affect ppl with private pensions like george & joan?? i mean, their state pension is like 4.8% increase thats not bad! but those mansion tax ppl are gonna be hit hard. £2,500 on a property value? thats crazy talk! i dont get why they need to do that tho... can't we just fund social care costs thru other means? and whats with the electric car tax? its like, what about ppl who just wanna drive an eco-friendly car without breakin the bank?! anyway, gotta keep an eye on this stuff... i remember when they had that 5p fuel duty cut and it was a game changer for us. maybe we can get some of those changes back?

Umm I don't get why they need to add more tax to people who are already struggling like George and Joan, they're just trying to live comfortably in retirement. And what's up with the mansion tax? £2,500 is a lot of money! Is it really worth funding social care costs that way? I mean, I get that we need to pay for healthcare and stuff, but is there no other way?

I'm worried about all these tax changes . Like, people on low incomes are already struggling just to make ends meet. A 3-year freeze on income tax personal allowance is gonna push a lot of them over the edge . And don't even get me started on that mansion tax... £2,500 is not cheap . But at the same time, I'm glad about the fuel duty cut . That's definitely a saving that'll make a difference to people who drive for work or play.

Here are some stats to put it into perspective:

The average person in the UK pays around £1,200 per year in income tax
The number of people on low incomes who pay income tax is expected to increase by 15% between 2025 and 2028
The mansion tax is projected to raise an extra £12 billion for social care costs over the next decade

I think it's essential for people to understand how these changes will affect them. Some might need to adjust their budgets, while others might be able to take advantage of tax breaks. It's all about being prepared .

Here are some more stats:

75% of UK drivers use fuel-dedicated cars (like petrol and diesel)
The average person spends around £500 per year on fuel for their car
The number of electric car owners in the UK is expected to increase by 50% between 2025 and 2028 ️

It's an interesting time for tax policy, that's for sure .

Ugh, I'm so done with this tax stuff ... Like, can't we just keep it simple? So, George and Joan are gonna be totally busted because of their state pension increase . And those new car owners are gonna love paying 3p per mile on top of whatever else they're already shelling out . I mean, I get it, social care costs need to be covered, but can't we just find a better way to fund them? The mansion tax is just so... unfair . And what about all the low-income folks who are gonna be hit with more income tax? That's just not right . And don't even get me started on the fuel duty cut... like, 5p isn't exactly peanuts . Anyway, I guess it's all about planning ahead and whatnot... but honestly, I'm still trying to wrap my head around it .

Ugh, just what we need - more taxes . I mean, a "mansion tax" sounds like something straight out of a Dickens novel, but hey, who doesn't love paying more for their home? And on the bright side, electric car owners will get to enjoy the thrill of watching their wallets dwindle even further . Can't wait to see how George and Joan's pension goes up in flames... I mean, increases by 4.8% . At least the fuel duty cut is a saving for everyone (except maybe the environment). Guess it's back to checking those tax returns and trying not to lose our minds .

I'm getting that extra 100 quid per year from my part-time job isn't going as far as it used to . The income tax freeze is just gonna push more of us into paying more, you know? Like what's the point of freezing it if it's not even covering inflation rates anyway? I'm all for supporting our pensioners and car owners too, but can't we do something more to help those struggling on low incomes?