We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tax credits question about Childcare

My daughter is at school and i work 4 days a week. I have had someone to collect her on the 3 days i work full days but the person collecting her has been offered longer hours at work so i need to arrange after school.

I am going to need to put her in 3 evenings a week and then during the holidays for 4 full days(they dont do half days for the day i do half)
the 3 nights a week come to £24 and the holidays it will be £72 a week.

the question is how do i work this out for the child care costs?

someone i work with told me she works out how many weeks she requires during school term and then how many for the holidays adds the costs together and then divides it by 52 to work out how much it would average out at for the year.
Is this the correct way? this way would mean during term i would have to put money aside for the childcare for the holidays.

can anyone who is in a similar position please advise what they do, i really dont want to phone the tax credits until i have a rough idea as i have had bad experience of under trained staff on the phone!
would love to win an ipad!
A-Z Challenge - ABCDEFGHIJKLMNOPQRSTUVWXYZ

Comments

  • karenx
    karenx Posts: 4,988 Forumite
    yes you just average it out over the year
  • karenx
    karenx Posts: 4,988 Forumite
    Oh and also remember its only 80% that they pay
  • caleo
    caleo Posts: 345 Forumite
    karenx wrote: »
    Oh and also remember its only 80% that they pay

    ....depending on income, but 80% is the maximum
  • xmaslolly76
    xmaslolly76 Posts: 3,974 Forumite
    I average out over the year too but you may be wise if you dont have much surplace each week to put a little aside for the holiday weeks so it doesnt bite so hard especially during the six weeks holidays :-)
    :jFriends are like fabric you can never have enough:j
  • hunnycat
    hunnycat Posts: 1,538 Forumite
    Part of the Furniture Combo Breaker
    I average out over the year too but you may be wise if you dont have much surplace each week to put a little aside for the holiday weeks so it doesnt bite so hard especially during the six weeks holidays :-)

    i was planning on this as i do have a little surplus but putting it aside would be the safest option!.

    Thanks to everyone for the replies.
    would love to win an ipad!
    A-Z Challenge - ABCDEFGHIJKLMNOPQRSTUVWXYZ
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.