Will you be a tax winner or loser this year?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 6 April 2018

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Good news. Chances are you just got a tax cut.

Well an income tax cut at least, problem is your council tax is likely to be rising and if you are an investor the Government is after more of your dividends, or if you’re a landlord it wants your rental income.

So who are the winners and losers of the new tax year that rolled round on 6 April? And what are the candidates for dumbest bits of Britain’s tax code.

In this week’s podcast, Simon Lambert, Rachel Rickard Straus and George Frost take a look at who is getting the biggest tax cut and who is being hit.

They also discuss whether we need a new hypothecated tax to pay for the NHS.

Also on this week’s show we look at the best rural places to live in the UK and how to invest in wine without breaking the bank.

And finally, Britain’s ten most hated driving moves have been revealed. Parallel parking we get, but why are there so many people who struggle to navigate a roundabout.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NSNI, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website.
0:12.5	I'm your host, Georgie Frost, and joining Simon Nye today is personal finance editor Rachel Rickard Strauss.
0:18.8	And coming up are you in line for a tax cut? Pensioners,
0:22.5	students, workers, savers, landlords, benefit claimants, the list goes on. But who are the winners
0:27.3	and who are the losers as we welcome in or not the start of the new tax year? Either way, good
0:33.6	or bad, Rachel is here to bring some sobering maths to our household finances.
0:38.2	Simon cheers us up by toasting the success of British wine
0:41.4	and giving us tips on investing in the stuff.
0:44.3	We discover where in the UK is the most idyllic place to live
0:47.5	and what driving manoeuvre brings us out in a cold sweat.
0:51.9	All that and plenty more coming up.
0:53.6	Don't forget you stay up to date with all the latest breaking money news.
0:56.4	Just go to this is money.com.uk or download the app.
1:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings, backed by HM Treasury.
1:10.0	It's the start of the new tax year and with it comes a swath of changes that will affect the pound in your pocket.
1:17.0	But will you be better off or worse off?
1:19.7	We've already had a rise in council tax and water bills that came in at the start of the month.
1:24.3	The minimum wage increase too over the Easter bank holiday.
1:27.4	But the change to your pay slip doesn't end there.
1:29.3	So let's have a quick rundown, starting with your wages.
1:34.3	A very warm welcome to you.
1:36.3	Both let's go first, shall we, to income tax thresholds.
	...

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