Taxable income
Discussion
Looking to sign back up to childcare vouchers as nipper #2 starts nursery in January, however it was closed to new entrants last month. New scheme in place (tax free childcare) with one of the limits being
"You're not eligible if either you or your partner has a taxable income over £100,000"
For taxable income, is this simply salary, or is it salary less personal allowance / pension contributions etc?
I'm in the just above 100k bracket, but I pay 10% into pension to keep me below the bracket where I lose my personal allowance. Am I eligible for tax free childcare?
TIA
"You're not eligible if either you or your partner has a taxable income over £100,000"
For taxable income, is this simply salary, or is it salary less personal allowance / pension contributions etc?
I'm in the just above 100k bracket, but I pay 10% into pension to keep me below the bracket where I lose my personal allowance. Am I eligible for tax free childcare?
TIA
rsbmw said:
anonymous said:
[redacted]
Would you tell a couple both earning £43k that they shouldn't use tax free childcare either? They combined bring home the same amount of money that I do to run our household.If a system is to be fair it needs to apply to everyone. Who is to define what is a 'lower income'? Mr RSBMW looks positively poor by comparison with my (unearned) £220k/annum income. He should certainly get the benefit of free childcare. And when I look to the guy in charge of Persimmon homes then I am very hard up indeed, so let me sign my kids up as well.
rsbmw said:
Would you tell a couple both earning £43k that they shouldn't use tax free childcare either? They combined bring home the same amount of money that I do to run our household.
I’d be of the opinion that they should, but I wouldn’t tell anyone what they should or should not do, unless they asked me 
Jimmy Recard said:
Welshbeef said:
You could say surely you should be able to afford healthcare / pay for it privately.
But £100k 3 kids no working partner a number of good holidays a year average but far from new Cars doesn’t leave much
Of course if you spend all your money you’ll have none left But £100k 3 kids no working partner a number of good holidays a year average but far from new Cars doesn’t leave much
Welshbeef said:
anonymous said:
[redacted]
You could say surely you should be able to afford healthcare / pay for it privately. But £100k 3 kids no working partner a number of good holidays a year average but far from new Cars doesn’t leave much
Welshbeef said:
Jimmy Recard said:
Welshbeef said:
You could say surely you should be able to afford healthcare / pay for it privately.
But £100k 3 kids no working partner a number of good holidays a year average but far from new Cars doesn’t leave much
Of course if you spend all your money you’ll have none left But £100k 3 kids no working partner a number of good holidays a year average but far from new Cars doesn’t leave much
I'm sorry, but someone who manages to have more than one 'good' holiday a year should not be claiming nursery fees.
47 weeks of full time nursery at my sons old nursery is £10,200 a year.
If you don't go on 2 or 3 'good' holidays you wouldn't need financial help.
gizlaroc said:
No he doesn't.
I'm sorry, but someone who manages to have more than one 'good' holiday a year should not be claiming nursery fees.
47 weeks of full time nursery at my sons old nursery is £10,200 a year.
If you don't go on 2 or 3 'good' holidays you wouldn't need financial help.
Sorry I’m on about child benefit to me it is a universal benefit period. I'm sorry, but someone who manages to have more than one 'good' holiday a year should not be claiming nursery fees.
47 weeks of full time nursery at my sons old nursery is £10,200 a year.
If you don't go on 2 or 3 'good' holidays you wouldn't need financial help.
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