Tax return and salary sacrifice

edited 30 November -1 at 1:00AM in Cutting Tax
1 reply 837 views
Hankins1Hankins1 Forumite
7 Posts
edited 30 November -1 at 1:00AM in Cutting Tax
Hello,
In the process of filing my tax return online. I am employed and currently salary sacrifice every month for my pension and child care vouchers. On the tax return I can find the box for pension contributions but not one for child care vouchers.
Am I right to assume I cannot use the money used for child care via the voucher scheme to reduce my taxable income for the year ?
Many thanks, Hankins1.

Replies

  • jimmojimmo Forumite
    2.2K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    Salary Sacrifice does “exactly what it says on the tin”. You have sacrificed your salary in exchange for your employer doing something else with the money he would have paid to you.

    You will pay tax on your reduced salary but you have not paid for pension contributions or childcare. Your employer has. You therefore have nothing else to claim.
This discussion has been closed.
Latest MSE News and Guides

Card providers to reserve up to £100

When you pay at supermarket fuel pumps

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals