Budget Day in Great Britain -Wednesday March 20,2013

Britain's Chancellor George Osborne will deliver the Spring Budget Statement in Parliament


Britain's Prime Minister David Cameron leaves Downing Street to attend Parliament in London, Wednesday, March 20, 2013. Later Wednesday Britain's Chancellor George Osborne will deliver the Spring Budget Statement in Parliament

Britain's Chancellor George Osborne was heckled as he delivered dismal growth forecast revisions to the House of Commons

Labour leader Ed Miliband with shadow chancellor Ed Balls, left, called on the Government to change its course on the economy

The tables show how tax changes and National Insurance changes announced for this April and in 2014 will affect your income.

Next month the personal allowance will rise to £9,440 and then to £10,000 in 2014. The higher tax rate threshold will be lowered to £41,450 this year and then rises to £41,865 next year.
A cut in top rate tax in April from 50pc to 45pc means that many top earners get lower tax bills.
Child benefit is removed for families where one earner make more than £50,000. Anyone who claims the state pension does not pay National Insurance.
Anyone who turns 65 from April 5 only qualifies for a basic personal allowance and won't qualify for the higher allowance.

TABLE 2  married (or cohabiting) with children and one partner is working. If you have one child your income will be slightly less. If you have three or more it will be slightly greater

TABLE 3 married (or cohabiting) with children, and both partners work. we assume household income is split two-thirds and one-third. These couples are better off than households with one earner on the same income because they have two personal allowances

TABLE 4 single and have children. You will be better off if you have more children

TABLE 5 self-employed couple who live and work together with two children and sharing income equally

TABLE 6 single or married with one partner working and have no children or your children are grown-up. Couples may receive slightly higher tax credits

TABLE 7 pensioner, and married and are the one receiving the state pension and the married couples’ allowance, available if one of you was born before April 6, 1935. Where the income is shared, the household income will be higher.

TABLE 8 any other pensioner aged 75 and over will receive slightly higher tax allowances, so their total income will be greater than shown

TABLE 9 if you turn 65 after April 5. These pensioners do not get the higher personal allowances that anyone already over 65 qualifies for.