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Children


Make School Holidays Easier With Tax-Free Childcare

Did you know there is a government scheme available that can help contribute towards childcare costs which may mean fewer of your employees will need time off at the same time this summer. Tax-Free Childcare is a scheme available to working parents with children from 0-11 years and many parents are not taking advantage of […]

Read more July 9th, 2019

High Income Child Benefit Charge And State Pension

Last month we looked at tax planning to minimise or eliminate the high income child benefit to keep both husband and wife (or civil partners) looking after a child below the £50,000 threshold. Where the income of one of the individuals exceeds £60,000 such that the whole of the child benefit is taxed they may […]

Read more June 10th, 2019

Tax Planning To Minimise The High Income Child Benefit Charge

The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back, and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14. The charge applies if […]

Read more May 8th, 2019

New Government Childcare Schemes

Working parents can start applying for two new Government childcare schemes launching this year. Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September. This means that working parents of children, aged under 4 on 31 August 2017, can now apply through the new digital childcare service for Tax-Free Childcare and […]

Read more August 9th, 2017

Salary Sacrifice Rules To Be Tightened Up

Many employers now provide flexible remuneration packages. These allow employees to give up some of their contractual salary in exchange for benefits in kind. This can have the effect of saving tax and National Insurance contributions for both the employee and employer, particularly where the benefit provided is exempt from tax. These tax and NIC […]

Read more November 29th, 2016