I'm looking for advice please.
Was using the tax free childcare voucher scheme until recently. So £243 was taken from my wage before tax calculated and it went into my childcare voucher account. I've recently stopped the scheme because there is enough now "banked" to cover our childcare needs up until DD starts school in Sept.
I am a basic rate tax payer so had calculated in my head that with tax, NI, pension etc I'd be paying around 28% tax on that £243, so should have recieved around £180 more in my take home pay. But I'm actually receiving £120 more. That's 50% stoppages. Does this sound right? I will be speaking to payroll on Mon (but quite honestly, they've been pretty useless in previous queries).