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 Vouchers instead of salary
tali
Posts: 709 Forumite
Sorry for being a numpty- but Martin recommends exchanging salary for Childcare Vouchers- as you don't get taxed and therefore get full amount for Childcare Vouchers-, but these vouchers pay only for childcare?- how is one supposed to pay for everyday essentials like shopping ,petrol, bills etc?
0
Comments
-
you can only take up to a limit in vouchers, i think it's stil £243 per month, the rest is salary as usual
have a look at some of the company information, the main ones are:
sodexho pass
accor
kids unlimited
busy beesNonny mouse and Proud!!
Never argue with an idiot. They drag you down to their level then beat you with experience!!
Debtfightingdivaextraordinaire!!!!
Amor et metus. Lac? Sugar? Quisque massa vel duo? (stolen from a lovely forumite!)0 -
Checked his article again and it is very confusing and almost misleading.Amazing that he doesn't mention the £243 (or whatever it is limit)He appeared on his show and again made no mention of this limit and confusingly kept mentioning taking 1000 of vouchers instead of cash salaryifonlyitwaseasier wrote: »you can only take up to a limit in vouchers, i think it's stil £243 per month, the rest is salary as usual
have a look at some of the company information, the main ones are:
sodexho pass
accor
kids unlimited
busy bees
He really should explain it better!0 -
Sorry for being a numpty- but Martin recommends exchanging salary for Childcare Vouchers- as you don't get taxed and therefore get full amount for Childcare Vouchers-, but these vouchers pay only for childcare?- how is one supposed to pay for everyday essentials like shopping ,petrol, bills etc?
They pay for childcare - that's why they're called childcare vouchers! On the other hand, some organisations offer salary sacrifice schemes that can be used to pay pension contributions,car/bikes,computers, medical insurance etc. Probably best to check with your employer what's on offer.0 -
If you need advice why not ask a question?
Regarding how to pay bills, food etc - apply common sense and dont buy too many vouchers so that you can afford to pay everything else. Nobody is telling you that you need to spend ALL of your salary on the vouchers. There is a limit per month, iirc it is £243.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards