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How a 1p pay rise could cost you £20,000

Under reforms designed to keep more women in work, parents on £99,999.99 could miss out on £20,000 of free childcare if their salary grows by jus 1p.

City ofUnited kingdomDan neidleKarl handscombMike warburtonJeremy huntRachael griffinNational insuranceTax policy associatesResolution foundationInstitute for fiscal studiesChancellor jeremy huntFiscal studies

How a 1p pay rise could cost you £20,000

Under reforms designed to keep more women in work, parents on £99,999.99 could miss out on £20,000 of free childcare if their salary grows by jus 1p.

United kingdomCity ofKarl handscombJeremy huntMike warburtonRachael griffinDan neidleResolution foundationInstitute for fiscal studiesNational insuranceTax policy associatesChancellor jeremy huntFiscal studies

Nearly a third will lose out by 2025 in stealth raid on parents, experts say

Jeremy Hunt froze the £50,000 threshold at which parents start losing the benefit in last week s Budget. But an estimated 2.5million middle-class families will still lose some or all of their entitlement.

United kingdomKarl handscombJeremy huntTom wernhamSteve webbResolution foundationInstitute for fiscal studiesFiscal studiesSir steve

DWP Universal Credit and child benefit tax trap could mean households pay up to 96% tax

DWP Universal Credit and child benefit tax trap could mean households pay up to 96% tax
nottinghampost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nottinghampost.com Daily Mail and Mail on Sunday newspapers.

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Are you one of the 50,000 parents that could face higher tax rates of up to 96 per cent?

Are you one of the 50,000 parents that could face higher tax rates of up to 96 per cent?
derbytelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from derbytelegraph.co.uk Daily Mail and Mail on Sunday newspapers.

United kingdomKarl handscombResolution foundationUniversal creditChild benefitHigh income child benefit chargeYour money