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.
30 Hours free Childcare support
Claulat
Posts: 3 Newbie
Hi, this is the first time posting here, this question might have already posted but can't find the right answer anywhere.
I'm self- employed but don't make much money as need to jiggle between daughter, work and house as don't have family around, my husband works full time so we don't qualify for benefits, and I want to know -if someone can help- which income is used to classify for 30 hours free childcare, net income or taxable income?
Some information I've found mentions net income but other ones talk about taxable income and I'm not sure, When we applied for 30 hours last year, we got them as the way my business was going it looked that we were going to be ok but because of different reasons it didn't work as planned and although I did have an increase from last year, if I take net income I'm just classifying for it but if they use taxable I'm not.
I'm self- employed but don't make much money as need to jiggle between daughter, work and house as don't have family around, my husband works full time so we don't qualify for benefits, and I want to know -if someone can help- which income is used to classify for 30 hours free childcare, net income or taxable income?
Some information I've found mentions net income but other ones talk about taxable income and I'm not sure, When we applied for 30 hours last year, we got them as the way my business was going it looked that we were going to be ok but because of different reasons it didn't work as planned and although I did have an increase from last year, if I take net income I'm just classifying for it but if they use taxable I'm not.
0
Comments
-
https://www.childcarechoices.gov.uk/guides/parents-eligibility-and-application/
Page 15 for self employed0 -
Thanks, will check now!0
-
Sorry to bother you but if I'm not wrong it seems that it is net profit minus capital allowances as it says:
"your net profit (your business income minus your direct expenses,
other than those needed to buy fixed assets such as buildings,
vehicles and equipment)"
My capital allowances was equipment so based on this if deducting the capital allowances gets me just under the threshold but my net income is ok we should be fine?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 347.8K Banking & Borrowing
- 251.9K Reduce Debt & Boost Income
- 452.2K Spending & Discounts
- 240.1K Work, Benefits & Business
- 616.3K Mortgages, Homes & Bills
- 175.4K Life & Family
- 253.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards