Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 31 Jul 2023 17:46:35 GMT by
Hi - I am trying to calculate my adjusted taxable income to see if I qualify for tax free childcare. Am I right in calculating this way: Monthly salary * 12 + annual bonus - pension contribution through salary sacrifice (my portion not the employer's)? Can i deduct other salary sacrifice like cycle to work schemes from the calculation? Also, as my bonus is annual, i wont know until the final quarter in my company's financial year to find out what it is...but tax free childcare is paid out on a quarterly basis...would i lose the year's tax free credit if by the last quarter, i find out my adjusted net income is over 100,000 due to the bonus?
Posted Tue, 08 Aug 2023 11:09:01 GMT by HMRC Admin 32 Response
Hi,

You will need to contact the Childcare Service helpline to query this.

Childcare Service helpline

Thank you.

You must be signed in to post in this forum.