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Child care vouchers
hyland1ellen
Posts: 51 Forumite
Hello.
Just signed up for childcare vouchers... system they use is 100% and works out that I will be better off of £60.00 per month and not effected by my small child allowance... not much but no change...
Anyone got the voucher scheme but found out when worknig that they were better or not off ?
Thank you
Just signed up for childcare vouchers... system they use is 100% and works out that I will be better off of £60.00 per month and not effected by my small child allowance... not much but no change...
Anyone got the voucher scheme but found out when worknig that they were better or not off ?
Thank you
0
Comments
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I don't use them because I worked out I would be worse off.
At the moment I claim the Childcare element of WTC, if I had used the childcare vouchers I would have to claim lower childcare costs and a lower salary to TCs. Because ChildcareWTC only pays a percentage of the childcare costs I was £20pm worse off. The savings I would've made on tax and NI does not cover the £20 I would be losing in TCs so for me I am worse off.0
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