Budget calculator 2023: how will your income change?

Find out how Jeremy Hunt’s tax and spending plans will affect your personal finances

• What the budget means for people on a range of incomes
• Budget changes on pensions, childcare, income tax and more
• What Hunt’s U-turn on energy bills means for you

Jeremy Hunt announced a number of changes in Wednesday’s budget including plans to overhaul pension tax allowances and reform the childcare system.

The chancellor said the lifetime limit on how much people can save in their pensions tax free will be abolished, and the annual allowance will rise from £40,000 to £60,000.