Budget 2025: what it means for you

This article provides an overview of the changes to tax and benefits that will take effect in 2027, including:

1. Increase in state pension payments for eligible individuals.
2. Freeze on personal allowance until 2029-2030.
3. Reduction in amount that can be saved in a cash ISA from £20,000 to £12,000 per year for under-65s.
4. Introduction of the "mansion tax" (a high value council tax surcharge) for those with homes worth over £1 million.
5. Increase in road charge for electric and hybrid car drivers starting from April 2028.
6. Maintenance of the 5p fuel duty cut until September 2026.

The article also highlights some of the impact these changes will have on different groups, including:

* Affluent pensioners who will face higher income tax bills due to the increase in state pension payments.
* Drivers of electric and hybrid cars who will be subject to a new road charge starting from April 2028.
* Those living in London who may be affected by the "mansion tax".
* Low-income individuals who will see their purchasing power reduced due to the freeze on personal allowance.

Overall, the article aims to provide an overview of the changes and their potential impact on different groups.
 
The gov's at it again 🤑💸. Increasing state pension payments for those in need is a good move, I guess. Means they'll have more cash to sort out their lives, right? But then you got these affluent pensioners who are going to get slapped with higher income tax bills... that don't seem very fair to me. 🤔 And what about all the other folk struggling to make ends meet? Freezing personal allowances until 2029-2030 is just gonna hurt 'em more, like. 😕 At least we're getting rid of this cash ISA limit for under-65s – that was a bit of a weird rule if you ask me.

The road charge for electric and hybrid car drivers? That's just going to make those poor people break the law or sell their cars... not exactly eco-friendly, is it? 🚗💦 And don't even get me started on this "mansion tax" for Londoners – that's just going to drive more people out of the city. It's like they're just throwing cash at problems without thinking about the real impact on ordinary folks. 🤷‍♀️
 
Umm... 2027 already?! Feels like just yesterday I was worrying about my student loan debt 🤑. Anyway, so there's gonna be some good stuff for pensioners, right? They get a nice state pension bump 💸. But, on the other hand, those rich folks who live in London are gonna have to shell out extra cash for their fancy homes 🏰. And don't even get me started on electric car owners - they're gonna be paying more taxes just to drive around like eco-warriors 🚗💚. I guess it's all about finding that balance, right? Except, you know, there's no perfect balance when it comes to tax and benefits... kinda like trying to balance a checkbook while eating pizza 🍕😂.
 
omg u guys gotta keep up with the tax news 🤯 2027 is like forever away but its comin ! so like the good news is that pensioners who are eligible will get more money 💸 but the bad news is that it means they might have to pay more income tax 🤑 and then theres the "mansion tax" which is just a fancy way of saying rich ppl gotta pay more council tax 😒 i mean i get it, gov needs money but cmon 💸 the electric car drivers are gonna have to pay more on their tolls too 🚗💸 its all about balance right?
 
So we're gonna be paying more on our pensions and whatnot... but let's talk about this "mansion tax" thingy... 🤔 is it really fair that those with a sweet pad worth over £1 mil get slapped with an extra tax? shouldn't the government just focus on making life easier for everyone, not just those who are already pretty set? and what's up with freezing personal allowance for under-65s? aren't they gonna feel like they're living on peanuts? 🤑 I mean, electric car drivers are gonna get hit with a new road charge... that's just great... more money for the government to play with... when will we see some real changes, you know? 💸
 
Ugh, 2027 is gonna be a wild ride financially 🤯! So, they're increasing state pension payments for eligible individuals, which is awesome for retirees who've worked hard all their lives... but it's also gonna mean higher income tax bills for affluent pensioners, you know? Like, they'll basically get taxed on the extra cash 💸. And don't even get me started on the mansion tax – I feel bad for people living in London who are already struggling with housing costs 🏠. The freeze on personal allowance is also gonna affect low-income individuals hard ⚖️. On a positive note, though, it's great that they're maintaining the 5p fuel duty cut until September 2026 – small wins, right? 😊
 
OMG I'm like totally worried about my parents you know they're getting up there in age 🤯 so with the increase in state pension payments I'm like thinking we'll have to downsize our place or something it's a bit scary tbh I was thinking of buying a new car but now that I know the road charge is coming I'm like not sure if it's worth it lol and what about my mates who own property in London? They're going to be so hit hard by the mansion tax 💸 I feel for them they've worked hard for their money and now it's just getting taken away from them
 
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