Childcare Support: SIPP to reduce Net Adjusted Income

PUGXS_22

Thanks. 

I am not necessarily ‘panicking’ about the thresholds I am focused solely on maintaining eligibility for the 30 free childcare hours - the fact this gives me a tax efficient pension contribution is a bonus! What is still opaque to me is how the process flows from SA to HMRC eligibility assessment. 

It may be clearer to you as you seem more
comfortable with the topic of finance and tax than I am. 

Dazed_and_C0nfused

PUGXS_22 said:

Thanks. 

I am not necessarily ‘panicking’ about the thresholds I am focused solely on maintaining eligibility for the 30 free childcare hours - the fact this gives me a tax efficient pension contribution is a bonus! What is still opaque to me is how the process flows from SA to HMRC eligibility assessment. 

It may be clearer to you as you seem more
comfortable with the topic of finance and tax than I am. 

Why do you think there is a direct link between Self Assessment and tax free childcare eligibility?

https://www.litrg.org.uk/benefits/childcare/tax-free-childcare

Nomunnofun1

PUGXS_22 said:

Thanks. 

I am not necessarily ‘panicking’ about the thresholds I am focused solely on maintaining eligibility for the 30 free childcare hours - the fact this gives me a tax efficient pension contribution is a bonus! What is still opaque to me is how the process flows from SA to HMRC eligibility assessment. 

It may be clearer to you as you seem more
comfortable with the topic of finance and tax than I am. 

Fair enough - I think that I have  given as much assistance as I can on this one. 

PUGXS_22

Dazed_and_C0nfused said:

PUGXS_22 said:

Thanks. 

I am not necessarily ‘panicking’ about the thresholds I am focused solely on maintaining eligibility for the 30 free childcare hours - the fact this gives me a tax efficient pension contribution is a bonus! What is still opaque to me is how the process flows from SA to HMRC eligibility assessment. 

It may be clearer to you as you seem more
comfortable with the topic of finance and tax than I am. 

Why do you think there is a direct link between Self Assessment and tax free childcare eligibility?

https://www.litrg.org.uk/benefits/childcare/tax-free-childcare

sorry - you have conflated the topic of my question. It is not related to tax free childcare - it is centred around the eligibility for the 30 hours of free childcare.

PUGXS_22

Nomunnofun1 said:

PUGXS_22 said:

Thanks. 

I am not necessarily ‘panicking’ about the thresholds I am focused solely on maintaining eligibility for the 30 free childcare hours - the fact this gives me a tax efficient pension contribution is a bonus! What is still opaque to me is how the process flows from SA to HMRC eligibility assessment. 

It may be clearer to you as you seem more
comfortable with the topic of finance and tax than I am. 

Fair enough - I think that I have  given as much assistance as I can on this one. 

thank you - your advice has been excellent! Very knowledgable!