Childcare Vouchers

[sweetpea5]

Hi - I thought that higher rate tax payers who already get childcare vouchers would still get the same amount of tax allowance after 1st April and that the reduced tax allowance only applies to those signing up after 1st April - am I right? Or is the tax allowance reduced after 1st April for all higher rate tax payers? thanks

IIRC the tax allowance applies to everybody, but the threshold for HR is coming down (someone more knowledgeable will be along with figures soon, I'm sure)

I'm not sure what you're asking about the vouchers though, sorry.

Here are the new tax bands.

HTH

thanks jarethtgk - maybe im not asking the question right (tax things are so hard for me!) i'll go and have a think and come back

I thought like you, ie the new tax regime for childcare vouchers only started for those starting afresh with the scheme. Those in the scheme already should not experience any changes.