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Why no one seems to bother about high childcare cost?
movilogo
Posts: 3,238 Forumite
We discuss here so much about house price and economy, yet no one seems to raise the astronomical child care cost!
With full time nursery/childminder/nanny cost hovering around £1000/month, it is often more expensive than mortgage!
:mad:
With full time nursery/childminder/nanny cost hovering around £1000/month, it is often more expensive than mortgage!
:mad:
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
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Probably because there's a hidden forum on here called 'Debate Childcare Prices and The Economy'.0
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We discuss here so much about house price and economy, yet no one seems to raise the astronomical child care cost!
With full time nursery/childminder/nanny cost hovering around £1000/month, it is often more expensive than mortgage!
:mad:
Child care tax credits (or whatever they are now called) pay 70% of the bill, so its all subsidised - meaning that providers can get away with charging more.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
How come? There's a limit of what you can claim via child tax credit or child care voucher. Usually it is around £250/month max.Child care tax credits (or whatever they are now called) pay 70% of the billHappiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
We discuss here so much about house price and economy, yet no one seems to raise the astronomical child care cost!
With full time nursery/childminder/nanny cost hovering around £1000/month, it is often more expensive than mortgage!
:mad:
Having children is a choice and is an expensive commitment and the cost of childcare goes with the territory.
Nursery's have overheads, utility bills, equipment, insurances, food costs etc plus staffing, and the staff are not that well paid in reality for the dedicated job they do in effectively raising other peoples childrenDont wait for your boat to come in 'Swim out and meet the bloody thing'
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How come? There's a limit of what you can claim via child tax credit or child care voucher. Usually it is around £250/month max.
Thats £250 a month more than I get towards dog care costs when I need to be away from home on business. My dogs, like children, are a choice, my choice however isn't subsidized by the taxpayer/government.Dont wait for your boat to come in 'Swim out and meet the bloody thing'0 -
How come? There's a limit of what you can claim via child tax credit or child care voucher. Usually it is around £250/month max.
Think your figures are out of date:How much help you can get
You can get help with up to 70 per cent of your childcare costs - up to certain limits.
If you pay childcare for:
one child, the maximum childcare cost you can claim is £175 a week
two or more children, the maximum cost you can claim is £300 a week
This means that the maximum help you can get for your childcare is:
£122.50 a week for one child
£210 a week for two or more children
£210 a week is about £900 a month!I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Child care tax credits (or whatever they are now called) pay 70% of the bill, so its all subsidised - meaning that providers can get away with charging more.
Not for a lot of people. My childcare isn't subsidised at all....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
That's in theory
. It also says But you won't necessarily get the full £122.50 or £210 a week - the actual amount you get will depend on your income.
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/TaxCredits/peoplewhohelpothers/Entitlementtablesfortaxcredits/Youworkandalsohavechildren/DG_174789Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
That's in theory. It also says But you won't necessarily get the full £122.50 or £210 a week - the actual amount you get will depend on your income.
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/TaxCredits/peoplewhohelpothers/Entitlementtablesfortaxcredits/Youworkandalsohavechildren/DG_174789
So if you earn more you get less towards childcare, that seems fair?Dont wait for your boat to come in 'Swim out and meet the bloody thing'0
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