Childcare Voucher Scheme is Under Threat.
November 2nd, 2009 News, ObservationsThe Government plans to scrap the tax breaks on childcare vouchers, which enable parents to opt to receive up to £243 of their pay each month in vouchers before Income Tax and National Insurance is deducted from their income. The scheme provides the equivelant to a 31% saving on that element of their income for a basic rate tax payer and 51% for a higher rate tax payer.
At present the prime minister has said no new entrants would be accepted to the scheme after 2011. If you have a strong view on this and wish to protest against its implementation, you can join over 50,000 others who have done so since the protest was launched on the Downing St website at the end of September. the link is http://petitions.number10.gov.uk/keepvouchers/
