I have a 11 week old baby, planning to return to work when he is 6 months old. Currently trying to work out best way to pay for the extortionate nursery fees.
I am familiar with childcare vouchers where we can buy up to £225 (or similar) from our salary, tax free. The remainder of fees would need to be topped up from rest of our salary which would be tax deductable.
This year, the government are launching the new tax Free Childcare Scheme.
For every £8 we pay in, the government will add an extra £2 towards childcare costs, up to £2,000 per child.
Maybe I'm being daft, but the original voucher scheme seems to still offer the biggest saving- as we are not paying tax on over £2k/year.
Could a fresh pair of eyes glance over this for me and let me know what you think?
Thanks in advance! X
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Childcare vouchers vs new scheme
8 replies
Kerrieb86 · 31/01/2017 12:03
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