Government assistance for child care

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SkippyGirl
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Government assistance for child care

Postby SkippyGirl » Wed Mar 13, 2013 4:26 am

We are about to move back to London. We currently live in San Francisco and get no government assistance for child care. Prior to this we lived in Australia and everybody got a 50% rebate so child care was manageable. Are there rebates in the UK? I haven't lived there since having a child. If so, are the rebates only valid if both parents work? And I'm assuming we won't be low income earners. Thanks! Sorry if this is a really obvious question! :D
ekf
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Joined: Mon Jan 23, 2012 2:03 pm
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Re: Government assistance for child care

Postby ekf » Wed Mar 13, 2013 9:29 am

We are moving to Australia later this year so 'i am excited about the 50% rebate.
there is no such rebate here. If your employer offers a childcare voucher scheme you can pay into it monthly out of pre tax earnings and save tax and NI on that amount. great you might think, not really as you can only pay a maximum of £243 in a month if you are a basic rate payer, £124 if you are a higher rate tax payer or £97 if you are an additional rate payer. Both you and your husband could pay in the maximum amount each month, the money can only be transferred to a registered childcare provider and you then make up the difference. Its better than nothing but is a bit out of touch with reality with the extortionate childcare costs in this country, especially London!
BalhamMumWorkingFT
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Re: Government assistance for child care

Postby BalhamMumWorkingFT » Wed Mar 13, 2013 1:21 pm

Get ready to spend about the same percentage of salary on childcare as you do in San Fran (thinking your wages will be going up or staying the same).

Good Luck.