The new tax year brings a number of changes which experts have predicted will make the average UK household significantly worse off.
National money education charity Credit Action, summarise the headline figures:
Personal allowance increases to £7,475
Higher rate income tax threshold drops to £42,475 meaning 750,000 people will start paying income tax at 40%
Employee national insurance contributions will increase to 12% from 11%
Child benefit will be frozen for 3 years
Due to these tax increases and benefits cuts in April, households could be up to £200 worse off.