Money is tight for millions of Brits right now, with the after-effects of covid lockdowns and Russia's invasion of Ukraine biting - and with tax rises fast approaching.
The prices of food, energy and fuel are all going up - and so are taxes. With so many changes happening soon, it's hard to keep up.
That's why we've created a cost of living calculator for you to use, to work out whether you'll be better or worse off come April. For example, the rate of national insurance contributions is going up, but in July the threshold at which you need to start paying it is also going up.
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Those two changes combined could mean you're better or worse off, depending on a range of factors, such as your employment status, your wage, and more. Plug your details into our calculator below to find out.
Just some of the changes happening in April include:
- National insurance contribution threshold rising from £9,880 to £12,570 (in July)
- National insurance contribution rate rising from 12 per cent to 13.25 per cent for both employers and employees
- Student loan repayment threshold frozen
- Income tax bands frozen
- Benefits up by 3.1 per cent - less than April's predicted rate of inflation of eight per cent
- Energy bill price cap up 54 per cent to £1,971. This is predicted to rise further in October
