Childcare Costs discussion

Savvy_Sue

misst1954 wrote: »

can u claim childcare cost if it's a grand parent that looks after your child?

Fliss_M wrote: »

no. You can only claim childcare costs when they are supplied by a registered child minder or nursery. Even if the grand parent registered, they would have to look after more then just your child. Tho I am surprised grand parents would charge, certainly the type of amounts that would mean you got credits (about £130+ per week)

Actually I think that's yes, you can claim if a grandparent looks after your child, BUT only if they register as a childminder AND look after other children. and if you want grandparents to provide as much childcare as you'd have to pay £130+ for elsewhere, expecting to get it on the cheap would be very unfair on the grandparents!

harrit1

Help! My child is due to leave primary school in July and as a result I will no longer need to have child care vouchers. I stopped subscribing to the scheme quite some time ago and due to changes in circumstances my amount of child care i require has dramaitically reduced. This has now left me with a large amount of credit and I need to know how to reclaim this back. I am aware that I haven't paid tax on this money. I have paid all the vouchers to my child care provider so the 'scheme' doesn't have any of the outstanding credit.

izoomzoom

Am I correct in understanding that the childcare provider has already received these voucher payments. If this is the case, you need to ask the childcare provider to refund the funds back to the voucher company who in turn can refund it to you / your employer and then you will pay the applicable tax.

If the voucher company is sitting on the credit, just ask them to refund it to you ...

Frosty39

If a child can have 15 hours free care the term after their third birthday, does this get reflected when claining for childcare tax credit? For example a parent states on the form that their child attends a nursery for 5 days a week at a cost of thirty pounds a day. does the child tax credit office pay a percentage based on the hundred and fifty pounds paid a week by that family or do they take off the amount that child gets free (15 hours a week) and then pay the percentage based on this new figure?

onlyroz

I would imagine it was based on the amount the parent actually pays for childcare.

GobbledyGook

Frosty39 wrote: »

If a child can have 15 hours free care the term after their third birthday, does this get reflected when claining for childcare tax credit? For example a parent states on the form that their child attends a nursery for 5 days a week at a cost of thirty pounds a day. does the child tax credit office pay a percentage based on the hundred and fifty pounds paid a week by that family or do they take off the amount that child gets free (15 hours a week) and then pay the percentage based on this new figure?

They pay the percentage of what the parents are actually charged. So if their bill goes down due to the free hours they should let tax credits know accordingly.

Fliss_M

they dont take the amount off for you, you need to take it off and tell them the new amount. but its more complicated then that. My nursery costs have gone down by £52.50 per week (roughly) and I pay full time figures. But they gov pay a set fee. But also it doesnt cover full time. so I have had to work out my nursery costs till March next year, divide that total by the number of weeks till the next tax year and that gives a good weekly figure for the tax credits.

Rupert_Bears_Mum

Question: I currently do the maximum £243 salary sacrifice on childcare vouchers and am a 40% tax-payer, and want to know whether when I change employer, still in same tax bracket, I can continue at this rate or will I have to reduce due to changes introduced in April 2011? Any advise welcome, thanks

onlyroz

Rupert_Bears_Mum wrote: »

Question: I currently do the maximum £243 salary sacrifice on childcare vouchers and am a 40% tax-payer, and want to know whether when I change employer, still in same tax bracket, I can continue at this rate or will I have to reduce due to changes introduced in April 2011? Any advise welcome, thanks

I think you will have to change once you set up a new scheme.

Hadwin_2

I'm a longtime reader first time poster.

My wife and I are toying with the idea of sending our son to Private School. He's 8 years old. Can we use child care vouchers? If not, Why not?
If the answer is no, which knowing the HMRC it prob is, what's the most tax effective way to pay the fees and can I get tax relief.