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
Childcare Voucher Query
longobongo_2
Posts: 8 Forumite
Hi, hope someone can help. I’m claiming child care vouchers at £124 a month as the person setting it up said I was a higher rate tax payer. Before salary sacrifices (additional pension and childcare vouchers) I was on £37K/pa which I didn’t realise classed me a higher rate tax payer. This would mean I only qualify for £124/month in childcare vouchers instead of £243/month.
I thought higher rate tax started at £41,450 but HMRC’s website appears to show it as £32,010.
Please can someone confirm that I’m not a higher rate taxpayer and I am entitled to the higher amount of childcare vouchers?
As you can tell, neither I nor the person setting up the childcare voucher scheme is a financial expert.
If it makes any difference my wife is on about £29K and claims the £243/month.
Thanks
I thought higher rate tax started at £41,450 but HMRC’s website appears to show it as £32,010.
Please can someone confirm that I’m not a higher rate taxpayer and I am entitled to the higher amount of childcare vouchers?
As you can tell, neither I nor the person setting up the childcare voucher scheme is a financial expert.
If it makes any difference my wife is on about £29K and claims the £243/month.
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards