Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

childcare voucher scheme/childcare element of tax credits

8 replies

froufroufox · 05/08/2013 22:16

Hi, am really hoping someone will be able to explain what help is available when I go back to work next year after mat leave. I understand there is the voucher system but is there also a working tax childcare element ? And that one may be more beneficial than the other. Between us my partner and I earn £31,000 before tax, and nursery/child minder will be £45/50 a day, which will I be better off claiming for? If anyone can give any advice I would be very grateful. I did phone up the Govt advice line, but they were useless and left me more confused.
Thanks in advance.

OP posts:
Bonkerz · 05/08/2013 22:20

Take a look at entitledto dot com

HugAndRoll · 05/08/2013 22:20

Same as us. You prob won't qualify for tax credits or if you do it will be pennies. I would do the voucher scheme.

carrielou2007 · 05/08/2013 22:58

If your child are is for 1 child then no you are above the threshold I think it's £26k for one child. Child are vouchers if your emoter offer them yes worth doing. You can only do one it the other anyway not both

carrielou2007 · 05/08/2013 22:58

Too many mistakes...

Mandy21 · 06/08/2013 19:14

Just to say that both you and your husband can claim the vouchers (if your employers offer them).

peteypiranha · 06/08/2013 19:16

You can get the childcare element for 1 child on more than 26k. Its the other elements you cant get.

PearlyWhites · 07/08/2013 08:33

Child tax credits you will get up to 70 percent
Vouchers are only worth around 20 percent

vj32 · 07/08/2013 19:52

Vouchers are 32% I think as they are before tax and NI. Don't think you qualify for tax credits, even the childcare element, although you could do the calculation yourself and check. All the info you need is on the HMRC website - called tax credit entitlement tables and then read the notes that go with them.

New posts on this thread. Refresh page
Swipe left for the next trending thread