Crossing the £100,000 income threshold can trigger unexpected tax charges, reduced childcare support and a significant drop in take-home pay. Laura Whyte explains how salary sacrifice can help households navigate these pressures and why the issue matters to businesses and employees alike.
If you have a teenager between the ages of 16 and 19 years old and staying in full-time education or training, you must confirm this before 31st August 2025.
From summer 2025, the High-Income Child Benefit Charge (HICBC) can be collected through PAYE, meaning fewer people will need to file a Self-Assessment just for this. If you’re earning over £60,000 and receiving Child Benefit, this update could save you a bit of admin (and a few grey hairs)…
Please note: Information about High-Income Child Benefit Charge (HICBC) has now been updated. Click the link to head to our updated blog post on HICBC: High-Income Child Benefit Charge to be collected through PAYE – Whyfield Introduced by HMRC in 2013, the High Income Child Benefit Charge applies to parents earning over £50,000 adjusted income
A new childcare scheme is planned on being introduced next year to support working families with their childcare costs. For childcare costs of up to £6,000 per year per child, support of 20% will be available worth up to £1,200. From the first year of operation, all children under 5 will be eligible and the