Hmrc approved, secure online parent and carer accounts tax and NI efficient, delivering savings for parents and employers).
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Basic-rate taxpayers can pay for up to 243 of childcare with vouchers each month (55/week).The petition finished with 93,000 signatories on it, and although now closed, is still available for viewing (Wikipedia blocks the word petition so it cannot be included in references).In April 2011, the government did make cuts to the scheme ensuring that high earners benefited less from the scheme.Pay 100 in cash a week - they get 70 of tax credits.Monday 1st January: Closed, payment processing: Any carer payments made after 12pm on the following dates will be processed on the next working day: Monday 18th December, friday 22nd December.It might not sound big, but the impact can be huge.
On, new joiners paying higher or top-rate tax had their allowance cut so all taxpayers have roughly the same maximum tax saving.
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If both are higher-rate taxpayers using vouchers, this would cost them 1,896 a saving of 104 compared to not using them.