Balancing the books

April 28, 2009 By: admin Category: Money

There wasn’t a lot for mums to get excited about in the budget announced by the Government this week, but I did spot a few plus points.

Child tax credit is increasing by an extra £20 per year, which will help some people, while parents with disabled children will now get an extra £100 towards their Child Trust Fund.

One of the new initiatives I did like is that grandparents who help with childcare will get National Insurance credits towards their state pension from April 2011.

This is long overdue. I’ll bet a lot of Hectic Mum readers agree when I say that lots of us couldn’t survive without a bit of help from Nan and/or Grandad. Maybe someone wants to set up a new blog called the Hectic Nan!

Anyway, here is a link to a quick budget calculator to see how the 2009 budget affects your family finances.

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