Tax changes from April 2012

[mranchovy]

Yesterday George Osborne announced changes to income tax and national insurance from April 2012. These will have a small effect on parents and carers.

Nannies
Most nannies will pay £3.26 a week less tax and NI. If they are on a net pay contract, this saving will go to the employer.

Nanny employers
Most nanny employers will pay £1.10 a week less National Insurance.

Childminders
Most childminders will pay just over £150 a year less tax and NI overall.

My Tax and NI calculator has been updated with the new allowances.

so if gross we gain an extra £13 a month roughly

and can i say that i think your tax calculator is fantastic - used it for years :)

Mrancovy, I'd like to say a huge thanks for your tax calculator too! It even helped me to negotiate a payrise. Thank you!

... and as a thanks i managed to misspell your name... sorry, mranchovy

That's OK, I'm not sensitive - and thanks for the thanks IYSWIM