tax free childcare

fru-girl

OK I found it, thanks for your help. Basically - as basic rate taxpayer I'm better off with TFC only if my monthly childcare costs are higher than £389 (~ £4668 annual). When I become a higher rate taxpayer, I'm better off with TFC if childcare costs will be higher than £260 monthly, so that one is a no brainer.

So that means I can switch to TFC anyway, when it becomes available, as my childcare costs are approx £4.8-5K and they won't go down anytime soon...

Darksparkle

Just put in a fake email address, that's what I did but didn't know your details to be able to answer all the questions age/pay etc.

me1234

I am a civil servant and my partner is a primary teacher - we are expecting our first child in December 2016. Partner will return to work in July 2017 onwards (so she can get paid over the summer holidays) therefore we will need to pay for childcare for a couple weeks in July 2017, not over the summer holidays, and again from September 2017 onwards.


I note that there is a tax free childcare scheme coming in next year, but am I correct in thinking that I would be better off signing up for the childcare vouchers scheme in December?


Any help/advice would be much appreciated.