Childcare vouchers question, do you use them?
Hi ladies,
When I go back to work, James will be going to nursery 2 days a week. I am thinking about applying for the Childcare vouchers, I believe you can get ??55.02 a week. OH could do the same for the rest of the amount, which is going to be.??88.40 a week.
So this works on a salary sacrifice scheme, and you end up paying less tax and national insurance.
Just wondered if anyone who uses childcare vouchers could give me an insight into it a little more. Presumably those who use them would recommend them, as you have a little more money than you would have without them?
Thanks for any replies. xx
When I go back to work, James will be going to nursery 2 days a week. I am thinking about applying for the Childcare vouchers, I believe you can get ??55.02 a week. OH could do the same for the rest of the amount, which is going to be.??88.40 a week.
So this works on a salary sacrifice scheme, and you end up paying less tax and national insurance.
Just wondered if anyone who uses childcare vouchers could give me an insight into it a little more. Presumably those who use them would recommend them, as you have a little more money than you would have without them?
Thanks for any replies. xx
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Replies
http://www.childcarevouchers.co.uk/DocumentsAndBrochures/Parents%20-%20Childcare%20Vouchers%20What%20are%20they%20all%20about.pdf
Have only really skimmed it. xx
AND they can't take them off your SMP on a second pregnancy (this is where I am now) so when my salary drops to JUST SMP all of my lo's childcare will be paid by the government
But yes definitely use them - they are there for a reason and let's hope the conservatives don't whip them from under our feet in the new budget!
OHs work and mine use different voucher companies, so I have a standing order set up from OHs voucher company to the nursery, then with my own I go in every month when I get the email saying they have arrived, and transfer them over. Click of a button really!
Summer, you can use these as long as your work is registered (or is happy to register for you) it saves them money too by the way, and the childcare provider is registered. CTC and WTC are not involved in it at all I believe
Yes MaxiMum, I am keeping my fingers crossed the Tories don't change things. H2B and I are "middle-income" so I'm sure we will be affected by any changes
xx
The good thing is that you and oh can claim up to the max which is great when you are looking at childcare costs. I used to haver my 2 kids in nursery 2 days so using the vouchers really helped
Gemm x
Or is it best to halve the fees, and both apply partially?
Sorry if these are daft questions....
How does that work with the smp maximum? Do you get your ??500ish smp plus ??243 vouchers?
Hope that makes some sense?!
xxx