VAT on school fees (you have to read this!)

[EverythingAllatOnceAllTheTime]

Government’s private schools VAT raid ‘could cost taxpayer £1.8bn’

Parents who are forced out of sector are likely to work less or even quit jobs, according to think tank research.

Adam Smith Institute.

Sure you care, hence you are telling everyone you dont care.

When my DD was three, she used to same the same thing!

Haha, honestly you made me chuckle - my little eeyore.

Not "affected" surely? That makes it sound like a policy that is taking income away from women against their wishes, rather than what I assume you mean which is women giving up work because their salary is no longer needed to pay for private school?

Which is a valid point to make when talking about unintended consequences. But it's not something happening that is forcing you to give up work.

@CoralReader "Lots of parents work only to pay private school fees, but now they won’t be able to pay so have decided to stop working"

Presumably someone else will then take over their job?

That's fine but they will lose my income tax + prospective VAT. Rest assured I'm 1 of many

Quite a lot have left our private school this summer to go into state including my DC. There are a lot of kids in private in London even though state schools here are generally good. Our local one is very good, in the higher house price part of borough and catchment is now getting smaller. I won't be giving up work but may reduce may hours. Instead I will put the 27k of fees into my pension as a lump sum before the budget and claim the £10,800 of tax relief. Govt will also now need to pay the 7k to educate my child. Lots of people doing similar. Not sure if they factored this kind of thing into their numbers.

My DD is on the waitlist for a state school
place now. Once she gets a place I probably wont be continuing to work full time. If however I do, I will substantially increase my pension contributions.

Mine will go into state at the next natural transition point.
I will continue to work even though we can keep the lights on with just one salary with kids in state because:
mentally I need it
I enjoy my job
I like having my own money and not being financially dependent on my marriage as it puts less pressure on the relationship
I want to pay into my own pension

not judging anyone who reaches a different conclusion- just saying there are lots of reasons to continue working even though on a strict “household income vs outgoings” perspective you don’t need the money if you aren’t paying private school fees.

Completely get where you are at.

Not guaranteed. Google skills shortage in the UK

Im really looking forward to the slew of well paid jobs that will come onto the market soon! Presumably the end result of these people freeing up some decent jobs is lots of us will jump up a rung... Might even put private school fees in reach for us 😊

Fancy parent shaming! I suppose you'd like the top earners to make a choice between a career or having a child. How very progressive of you.

Maybe it would just be easier if we ban any high earner from having children and they can just selflessly pay taxes to support others.

Who says I have a well paid job? My job pays for fees which are just under 20K per year

I don't get how this disproportionately affects women. Because you now don't have to pay fees so therefore can choose to not work? Why not just continue working and pay for wraparound care or a nanny like all other working families with kids at state schools if you want to. I don't see how this policy is forcing women to give up work?

Because of their perpetual victim complex.

Did you not think then about either increasing hours or trying to get a promotion /better paid job to cover the vat? On 20k its only an extra 4k?

Surely thats better than going through the whole process of moving your childs school....

Only 4K. Could you magic up an additional 4K per year with a few months notice?

Um yes? My last job move was for a 9k salary increase?

So sick of the constant whinging just because some rich folk aren't getting their way for literally the first time ever in ther lives. Imagine having to pay tax on a service, as the rest of us oiks do. What horror! Why doesn't the government understand that the wealthy should be exempt from the laws that govern the rest of us mere mortals? Surely it's your right as someone with money spare to buy power, influence and a ready-made elite social network for your offspring without giving anything whatsoever back to society!

Why would you quit your job? Isn't work inherently moral and good for a person, no matter what it is and what you earn? That's what I hear from your lot whenever the topic of benefit claimants comes up.

Your post lost credibility with the gaslighting, the victimisation, the sarcasm, and the ‘your lot’.

Unfortunately.

Where have I suggested that?

It is obviously less than 7%. I don't think it makes them any less in need of wrap-around care.

It won't be the high paid jobs tho, DH earns less than me it will be him who can/might work less.

In which case, govt won't lose much income tax etc. People on lower salaries aren't net contributors anyway.
People up thread were claiming govt was suddenly going to lose out of lots of income tax!

This is what many of us were saying on the numerous other posts that this policy will actually cost money and disadvantage state schools even more

As a couple we give more back to the state per year than the median salary!
Prior to this policy I was happy to pay all my taxes and fund your child's education whilst removing the state's obligation to pay for my child, but following the introduction of this policy and the hatred I've received on this forum on this topic I have a new attitude.
I'm going to stop contributing to society because seemingly I'm already Tory scum so I might as well start living up to that! I will transfer my child to state but top up with tutors and lots of extra curricular activities because for some reason this is more acceptable than me paying for my child's education.
We will funnel all extra money into pensions + investments to ensure we can cover DDs uni costs + deposit for her first house.
I will be much happier not flogging my guts for a low salary and I can actually be there in person for my DD. We will beat the curse of living in the NE with low GCSE results due to tutoring and she stands a better chance of getting a contextual offer to better universities.