bhoy1976 wrote: »
My wife and I are in conflict over the two available schemes.
I've used a few tools out there to assess our options and it always appears to point towards us using the Childcare Voucher Scheme.
As of September, we will have a 3 year old and a 9 month old in childcare, three days a week, during term time only. Our 3 year old is covered completely by the 30 hours a week free childcare so we are only paying for our 9 month old.
Our Childminder had intimated that we would be better off in the Tax Free Childcare Scheme because we can put more money into it. I'm loathed to argue with someone who has been in the business for decades and can see where she is coming from but the online calculators suggest that we can save more money on the voucher scheme.
Kes2014 wrote: »
Wondering if anyone knows if you change jobs after the childcare voucher cut-off date, will you no longer be eligible for childcare vouchers? I’m currently on tax free childcare but due to changing circumstances think childcare vouchers may be the better option so thinking of applying. However I’m also thinking of moving jobs soon, so would it be a waste of time changing?
twh wrote: »
I am a bit confused about some of the 30 hours childcare (nd guess i'm not the only one!). If we do not use the hours, do we 'lose' them?
For example, if my child did two 6 hour days at local pre-school that only runs term time and one 10 hour day in a nursey/pre-school for 50 to 52 weeks per year, I would theoretically have 12 hours 'spare' to use in holidays. Could I use these to top-up at another pre-school or with holiday clubs?
cymru_cowboy wrote: »
Me and my wife have been trying to work out how best to pay for childcare but are somewhat confused as to the best results from the Gov calculator.
I'm on 52k a year and pay 124 in childcare vouchers a month. My wife has previously been retraining as a teacher and started work as a teacher in Sept and is on 23k. Our chilcare costs are circa 600 a month for the 3 kids.
Given our current situation I'm finding it difficult to work out whether we are better off if I continue to stay on the childcare voucher scheme and we pay the remainder of the childcare costs from my wife's wages or whether I leave the childcare scheme and we go for tax freee childcare that we both then pay into. Any insights gratefully received.
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