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how much worse of will I be?

2 replies

confusedbytaxes · 29/03/2011 14:48

Rubbish at working out tax and namechanged as well. Apologies, am hoping one of you lovely ladies will be better than me at this!

Currently am in the 40% tax bracket and get £200 a month in childcare vouchers, as part of the government scheme. The voucher scheme website calculator reckons I currently make a monthly saving of £82.

Am due to leave my job soon, so when I leave and then start up the vouchers again when I get a new job, how much worse off am I going to be in relation to the government's changes on 6th April? This is based on same salary and value of vouchers.

thanks!

OP posts:
Grevling · 29/03/2011 20:52

Your weekly tax free amount will be reduced from £55 to £28 if you are a higher rate tax payer.

So £11.58 worse off per week in tax.

confusedbytaxes · 29/03/2011 22:47

thanks so much, Grevling. Not the greatest news, but good to know.

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