tax relief
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tax relief
Does anyone out there know if you can get tax relief when you are using the private sector for education? Thanks
Childcare vouchers might offer some help,
On April 6th 2005, the government introduced new childcare voucher legislation. This allowed both parents, (if employed and paying PAYE), to save Income Tax and National Insurance on registered or approved childcare. In the 2006-7 tax year the allowance is £55 per week, or £243.00 per month.
This means a significant saving per parent for the 2006-7 tax year of up to £962.28 per year for a 22% tax payer and £1195.56 per year for a 40% tax payer. The vouchers can be used for any form of childcare, from the ages of 0 - 15 (16 if disabled) years old, and can include but is not limited to nurseries, childminders, nannies, breakfast clubs, after school clubs and holiday clubs, providing the childcare is approved or registered.
stevew61
On April 6th 2005, the government introduced new childcare voucher legislation. This allowed both parents, (if employed and paying PAYE), to save Income Tax and National Insurance on registered or approved childcare. In the 2006-7 tax year the allowance is £55 per week, or £243.00 per month.
This means a significant saving per parent for the 2006-7 tax year of up to £962.28 per year for a 22% tax payer and £1195.56 per year for a 40% tax payer. The vouchers can be used for any form of childcare, from the ages of 0 - 15 (16 if disabled) years old, and can include but is not limited to nurseries, childminders, nannies, breakfast clubs, after school clubs and holiday clubs, providing the childcare is approved or registered.
stevew61
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no loop holes left at all-and in a way nor should there be!!nursey vouchers are for that-any schools or parents found using creative accounting should be ashamed of themselves.Its a big decision to opt for a private education-we did it as we had to-but I would never expect it to be "subsidised" by the taxpayer.why should they pay?