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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Question about Child Tax Credits and Childcare Vouchers
Comments
-
Sorry, I dont understand.
The maximum you can sacrifice through these schemes is £243 per person, so if both parents are offered the scheme, it is possible to get upto £486 worth of vouchers.
The saving depends on whether you are a basic rate taxpayer or a higher rate taxpayer.
The figures I quoted above (£243Gross = £167Net) are correct in respects to a basic rate taxpayer.
As a higher rate taxpayer (£243Gross = £143Net)
You start to pay higher rate at earnings over £43,875.
Cheers mitchaa, sorry I didnt make myself clear but youve answered my question! Thanks again0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards