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Child Benefit


Tax-Free Childcare is a government scheme available to working parents, including the self-employed, with children aged 0 to 11.
Eligible parents can get up to £2,000 per child per year towards qualifying childcare. For clients with 2 children, it could mean a £4,000 saving per year on the family’s budget.
Parents can use it on a wide range of registered childcare, including:
•    childminders
•    nurseries
•    breakfast clubs, after school clubs and holiday clubs.
For disabled children, the scheme is available up to the age of 16 with a maximum government contribution of £4,000 per child per year.
To find out more information and how to apply visit here


The rules on signing up for Tax-Free Childcare (TFC) mean employees must give up childcare vouchers within three months. Ending salary sacrifice for vouchers costs the employer 13.8% in NI, or 14.3% if they're big enough to pay the apprenticeship levy. Now might be the time to tempt employees back to vouchers to reinstate those savings given that vouchers are tried and tested and TFC clearly isn't. Employees don't have to give up vouchers if they have just opted for the 30 hours of free childcare that launched in September 2017 as that's a separate scheme.  Anyone can join, or rejoin, vouchers if they do it by S April 2018, and once they're in they can remain with vouchers if they stay with that employer and until the September after their child's 15th birthday.


In January 2013 HMRC introduced the high income child benefit charge (HICBC) designed to tax child benefit paid to families where one of the parents has income exceeding £50,000. Following negative press commentary earlier in 2017 HMRC has urged parents who have cancelled the benefit to register, but simply set the claim to zero.This will ensure that if either parent were to be out of the workplace, NI credits will automatically be triggered and equally the child will receive a national insurance number  (NINO) automatically at age 15 3/4.  Remember, if a salary sacrifice reduces pay to £50,000 or less (and the other parent is earning £50,000 or less too) then this restores entitlement to tax-free child benefit.  


HMRC has published new guidance for couples with "High Income".  The changes affect any couple with one partner receiving an income of more than £50,000 per annum.  The guidance can be found by clicking here.


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