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Yes exactly at 100k you lose free childcare. It’s not a taper you lose the whole thing. Here’s an explanation of the figures: https://www.thetimes.com/busines
by sefrost 1y ago
Yes exactly at 100k you lose free childcare. It’s not a taper you lose the whole thing.
Here’s an explanation of the figures:
https://www.thetimes.com/business-money/money/article/high-income-child-benefit-uk-stealth-tax-campaign-charge-threshold-jf5nswxgj https://www.thetimes.com/business-money/money/article/high-i...
- alias_neo 1y agoYes, once you go from 99,999 to 100,000 you lose 2000 per pre-school aged child you have and have to file your own tax returns for the privilege despite being PAYE.
- ace32229 1y agoThe latter is no longer true
- jdietrich 1y agoAlso at £100k you start to lose your tax-free personal allowance. The commitment of successive governments to avoid raising taxes on "ordinary working people" has created a bizarrely inconsistent tax regime for above-average earners, where people earning £65k could end up paying a much higher marginal rate than people earning £165k. https://taxpolicy.org.uk/2024/10/17/reform-income-tax-end-the-scandal-of-high-marginal-rates/ https://taxpolicy.org.uk/2024/10/17/reform-income-tax-end-th...
- Eisenstein 1y agoHow many preschool age children do you have?