Childcare, Redundancy & Self Employment
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RedundantlyYours
Posts: 2 Newbie
Hi guys,
I'm unfortunately being made redundant (well, we're in consultation at the moment but it's pretty much a forgone conclusion) and my employment will end the first week in July.
My child has been accepted for 30 hours' free childcare from September at a local term-time nursery and I really do not want to lose this, not only because of the massive learning and social benefits (we live in a small community) but also because it gives me time to bring an income in. Unfortunately, unless I get a decent-paying, full time job before September, I won't be able to self fund this.
However, I understand that if I start up a business (effectively be self employed) I can retain the 30 hours childcare for a year. I've been exploring this possibility and am confident I can bring in a very modest income.
That's the background, the main question is does anyone know whether my partner would be able to claim any tax credits based on his full time employment if I am self employed? How do I find out about things, is it just a case of calling the HRMC?
Thanks in advance
I'm unfortunately being made redundant (well, we're in consultation at the moment but it's pretty much a forgone conclusion) and my employment will end the first week in July.
My child has been accepted for 30 hours' free childcare from September at a local term-time nursery and I really do not want to lose this, not only because of the massive learning and social benefits (we live in a small community) but also because it gives me time to bring an income in. Unfortunately, unless I get a decent-paying, full time job before September, I won't be able to self fund this.
However, I understand that if I start up a business (effectively be self employed) I can retain the 30 hours childcare for a year. I've been exploring this possibility and am confident I can bring in a very modest income.
That's the background, the main question is does anyone know whether my partner would be able to claim any tax credits based on his full time employment if I am self employed? How do I find out about things, is it just a case of calling the HRMC?
Thanks in advance
0
Comments
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http://forums.moneysavingexpert.com/forumdisplay.php?f=139
Probably better to ask at Benefit & Tax forumsally.0 -
Hi there, thanks for your reply!
On the off chance it helps anyone - I've resolved this - I called HMRC and if we claim the 30hrs childcare, it cancels out any claim to tax credits.0
This discussion has been closed.
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