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Income going below high earner threshold of £100k

3 replies

Bingomumma · 14/01/2024 09:41

Wonder if anyone has any experiences of this scenario:

DH currently earns c.£150k in a job in financial services. We have a 3 year old DD (turned 3 in September 2023). I work part time 2 days a week and DD goes to nursery on these two days.
DH is changing jobs to a public sector job, hence big drop in salary (new salary will be approximately half of what he was earning before - approx. £75k).
We have obviously been ineligible for 30 funded hours / tax free childcare due to DH’s salary. However, we will now become eligible. DH is due to start the new job in April, which coincides with the start of the new tax year (not designed this way, that’s just how it has turned out).
I would like to apply for the additional funding but given DH’s earnings in the current tax year exceed the threshold, does anyone know if I can apply now for funding to start in April? Or do I need to wait until DH has actually started the new job (in which case we would miss out on the funding for a while until the application has been done etc). I understand from the Gov website that the earnings relate to the “current tax year” so I assume we should be entitled to the funding next year.

OP posts:
Are your children’s vaccines up to date?
TiredMummma · 14/01/2024 09:47

Definitely apply in a month or so, it takes some time for the hours to come through but also they won't let you apply too soon for them (giving your eligibility isn't until April)

I'm guessing you already have a place you can use the funded hours towards? As that might be the bigger challenge - so might be worth securing that first?

Bingomumma · 14/01/2024 09:52

@TiredMummma thanks. Yes, she is already at nursery 2 days a week and the nursery accepts funded places

OP posts:
headcheffer · 14/01/2024 12:48

Check the wording. For the tax free childcare account (which you would also now be eligible for), it's something like in the month you are applying is your income expected to be over £100k this year.

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