Loss of childcare.. another blow

  • Thread starter Thread starter vkurup
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vkurup

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So apparantly, starting Jan 2013, peeps earning over 60K lose childcare. We will too. While the £80 we get monthly, goes straight into the child trust fund, I think this is a bad move. Childcare is not cheap - more so in the south. I cant change jobs coz I wont be able to claim childcare vouchers via salary sacrifice any more. If both adults work, then 5 day nursury aroud here costs over 1K a month!!


This coupled with the hike in rail fare (my monthly pass is approaching £400) and the fuel hike is going to kill us. So what is the govt trying to tell me. The best option is to be a single parent who works at the local Burgerking/McD while the partner stays at a differnt location and earns a decent gig?


Why is the govt thinking about trying to legislate a case of social engineering. Any quick thinking accountants who can share how to beat the system? At this rate, dont think I will be playing much golf next year.
 
we are going to lose the child benefit too, 3 kids = £180 a month. while i understand that some people may not think my family deserve £180 per month, as it was our decision to have kids and while i earn good money why should everyone else pay... well i pay my tax like everyone else, my wife doesn't work. However, what gets me is its down to individuals and not household income. 2 people earning £49k each will still get the full benefit, while those individuals who earn over, lose it.

I am not an economist or a politician, however i am not happy about it. we use the money for the kids activities and the wife takes them on days out etc. So while they will not starve with this payment stopping, it will impact them.

At the OP, most companies these days will offer tax efficient childcare voucher schemes, to say you cant move jobs because of this is silly. even if they currently dont offer them, they are very easy to set up and cost the company nothing in cash.
 
Rooter said:
I am not an economist or a politician, however i am not happy about it. we use the money for the kids activities and the wife takes them on days out etc. So while they will not starve with this payment stopping, it will impact them.
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Ditto... (hopefully) no one will starve, but will affect what we do as a family.

Suddenly all this is now becoming a 'race to the bottom', looks like the politicians will only be happy if ALL 99% of the population growls at the bottom of the economy rather than get everyone to achieve more ('race to the top')..
 
Rooter said:
At the OP, most companies these days will offer tax efficient childcare voucher schemes, to say you cant move jobs because of this is silly. even if they currently dont offer them, they are very easy to set up and cost the company nothing in cash.
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At the moment we offer Childcare vouchers which is a boon. Rules changed in April 2011. So, if you change jobs, and assume you are higher tax earner, you cannot re-enrol into the Childcare voucher scheme even if the new firm has a CCV scheme.

A mate of mine on higher tax started getting his cc vouchers in his old firm. Late last year he moved jobs to another firm that also has a CC voucher scheme. However, he was not allowed to enrol since his enrollment at the old firm does not count towards eligibility.
 
I have two children and totally disagree with child benefit for people that earn a decent wage. It was our choice to have children and I cannot understand why anyone thinks that the cost to bring them up should be borne by anyone except my family and I.

The state should not give me money, just because I made the monumental decision to have children. It is my choice and my responsibility. I do not expect or want a handout for this.


What I will complain about though to anyone who will listen is the fact that I don't receive any reduction on my tax burden relating to private education. Childcare voucher schemes like Computershare or Busy Bees enable parents to pay for childcare provision from their gross income. I would love to be able to do something similar with school fees. After all, I am saving the state tens of thousands of pounds by not burdening the state school system with my son and daughter.
 
Oh well, that Jaguar is going to have to become an Insignia!

:ears:
 
I think this is a very tough subject. I can see it from both sides. Why should the tax payer pay out to parents because they choose to have children, but on the other hand why should someone who has worked hard to earn a decent wage not be given benefits like others.

I always thought the idea of the scheme was more aimed at low income families to encourage parents to go back to work when their children start school. The people on low incomes could never afford to have childcare so going to work would be hard for them as they would be paying all their wages in childcare.

My opinion on this is that if you choose to have children then it is your problem to look after them, not mine. I am sorry that sounds a bit hard and apologise to anyone that it offends, but I am not trying to wind people up I am just casting my opinion on this matter. Anyone who earns over the limit surely earns enough to be able to pay for childcare.
 
Snelly said:
I have two children and totally disagree with child benefit for people that earn a decent wage. It was our choice to have children and I cannot understand why anyone thinks that the cost to bring them up should be borne by anyone except my family and I.

The state should not give me money, just because I made the monumental decision to have children. It is my choice and my responsibility. I do not expect or want a handout for this.
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:clap: :clap: :clap: :clap: :clap:

Bravo Snelly. I couldn't have put it better myself :thup:

We are a single income household, bringing in <20K (My wage) and while it would be nice to have a little more coming in, I agree 100% that the state should not pay out for my wife and I's decision to start a family.

We get less than £250/month from the government in the form of child benefit and child tax credit, but we're not entitled to working tax credi as I earn above the threshold.

What rips my knitting is the people who have no intention of working, who stay at home, breed and collect every benefit available plus all te other "perks" they can get their hands on and get more per month than we bring in working over 40 hours a week!

It's makes you wonder if an honest living is really the way forward.
 
Gareth said:
What rips my knitting is the people who have no intention of working, who stay at home, breed and collect every benefit available plus all te other "perks" they can get their hands on and get more per month than we bring in working over 40 hours a week!

It's makes you wonder if an honest living is really the way forward.
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Now you are close to geting me going Gareth ha ha deep breaths Bill deeeeeeep breaths
 
Snelly said:
I have two children and totally disagree with child benefit for people that earn a decent wage. It was our choice to have children and I cannot understand why anyone thinks that the cost to bring them up should be borne by anyone except my family and I.

The state should not give me money, just because I made the monumental decision to have children. It is my choice and my responsibility. I do not expect or want a handout for this.


What I will complain about though to anyone who will listen is the fact that I don't receive any reduction on my tax burden relating to private education. Childcare voucher schemes like Computershare or Busy Bees enable parents to pay for childcare provision from their gross income. I would love to be able to do something similar with school fees. After all, I am saving the state tens of thousands of pounds by not burdening the state school system with my son and daughter.
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Good one Snelly:clap::clap::clap::clap:

+ 1 for you.. As mentioned, I am happy to give up the Child Benefit thing provided I get support from the govt in other ways.

1) The Child care voucher is v v useful. We use it for keeping the kid busy during the day, and it takes the sting off the taxes.
2) Why cant I use CC voucher or similar to pay for pvt school?
3) Bring back the tax rebate on mortgage payments.
 
vkurup said:
At this rate, dont think I will be playing much golf next year.
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Says the man who yesterday was going to buy a Jag XF :confused::confused::confused:

My heart bleeds for you, I'm sure the £80/month will be missed.... (hopefully it will end up in the hands of someone who needs it though)
 
Rooter said:
However, what gets me is its down to individuals and not household income. 2 people earning £49k each will still get the full benefit, while those individuals who earn over, lose it.
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Totally agree.... it should be something like £60K as an individual and £70K if both are working... maybe even £60K too,... there should definitely be an upper limit for duel earners.
 
JustOne said:
(hopefully it will end up in the hands of someone who needs it though)
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It wont though. It'll end up in the hands of someone who knows how to use the system better.. I will lose my child benefit next year, but thats OK. I chose to have children, I'll pay for them thank you very much...
 
Snelly said:
I would love to be able to do something similar with school fees. After all, I am saving the state tens of thousands of pounds by not burdening the state school system with my son and daughter.
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I'm not sure it's quite that much Snelly..... a few grand for sure, which I agree you should have some proportionate claim to.
 
bluewolf said:
It wont though. It'll end up in the hands of someone who knows how to use the system better.. ..
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And that is what gets my knickers in a twist.. I am sure we will get to the other side, but the money will go to someone who knows the system and just milks it. So if it is going to go down the drain, why not give it to me. My tax money keeps atleast a couple of benefit cheats warm and comfy.
 
JustOne said:
Says the man who yesterday was going to buy a Jag XF :confused::confused::confused:
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Backpeddling from it.. week 2 of car hunt is now more going to be more focussed on the pocket rather than the heart. Insignia, Astra, skoda, Berlingo .....
 
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