Child tax free
Can someone help me with this calculation. If for example your total child care cost is £1200.00 a month. With the child tax free account, how much £ are you saving and how much are you then truly spending on child care per month? Thank you x
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On a quick do on it, you would pay £960 for the first 2 months for it to come up to £1200. And then month 3 would be £1180 as you'd have reached the max for the 3 months rotation. This then would repeate every 3 months
@Emma thank you so much for this 💛
No problem. They don't like to make it easy for us 🫣
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https://taxfreechildcarecalculator.com/ This is what I use to work out mine. There is a maximum you can get.