Comment by sefrost
9 days 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-i...
9 days 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-i...
Also 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-th...
Yes, 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.
The latter is no longer true
How many preschool age children do you have?