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Posted Thu, 23 May 2024 10:40:23 GMT by TeeAwere
I currently earn 104,000 plus a yearly bonus of between 0 - 10% of gross pay (depending on company performance). There is also the opportunity of earning overtime which happens on occasions when the projects I am working on are going live (I work as an IT consultants and most projects go live over weekends). What can I do to keep my earning at 100K to avoid losing out on my tax free childcare and 15hrs childcare for my daughter PS: I do not currently contribute to my employer's pension arrangement.
Posted Tue, 28 May 2024 15:04:00 GMT by HMRC Admin 19 Response
Hi,

Eligibility for tax free childcare is based on your adjusted net income. You can see guidance on how to calculate your adjusted net income here:

Personal Allowances: adjusted net income

Thank you.

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