Calculator: are you richer or poorer after the Budget?

Find out how Labour’s tax raids will hit your pocket

Rachel Reeves has delivered a raft of tax changes totalling £40bn in her maiden Budget.
Winners and losers will emerge from the Budget, but with unprecedented tax rises confirmed, many are set to be worse off.
Employers will bear the brunt of changes to National Insurance, yet working people, investors and landlords will feel the pinch of other policies.
There are also winners. Motorists are breathing a sigh of relief thanks to a two-year freeze in fuel duty and the continuation of the 5p cut, and pub-goers will see a penny shaved off the price of a pint.
Use our four calculators below to see how Labour’s tax raids will hit your pocket.
From next April, basic-rate taxpayers will see an 8 percentage point capital gains tax rise on the sale of shares (and other investments, such as bonds, valuable items and cryptocurrency). The tax will rise from 10pc to 18pc.
Higher-rate taxpayers will see the levy rising from 20pc to 24pc. Property sales are unaffected by the change.
Use the calculator to see how your post-tax profits will shrink as a result.
The biggest money-maker announced in the Budget is a change to employer National Insurance contributions.
The point at which employers pay National Insurance on employees salaries will be lowered from £9,100 to £5,000, while the rate they pay will increase from 13.8pc to 15pc from April.
Employer contributions do not come out of your pay packet – it’s a levy paid directly from the company to the Government.
Use our calculator to see how much more extra money your employer will have to pay.
A higher rate for second homes is increasing by 2 percentage points, to 5pc, overnight. This will impact landlords and those buying a holiday home.
Meanwhile, the stamp duty threshold for first-time buyers will revert to £300,000 from £425,000 in March.
For home movers, the tax-free threshold will drop from £250,000 to £125,000.
While rates and tax-free thresholds are set to remain the same for the foreseeable, Rachel Reeves announced that pensions will come into the scope for inheritance tax from 2027, where they are currently exempt.
This could spell problems for those who use pension savings as a way to shield their estates from the death levy.
If our calculators have revealed some unwelcome tax rises, you’re not alone. See our guide to the Labour Budget’s winners and losers.