Economy & Banks

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Greenbank in reply to @Howard

£70k before tax wouldn't pay her childcare+mortgage. (It's not clear how much her ex- contributes to childcare.)

Tiny violins though, but it's just the BBC trying to demonstrate "balance" in their reporting.

The struggle for Additional Rate taxpayers is real.

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Howard in reply to @Greenbank

I bet £70k (or whatever the highest figure you can take without losing TFC) would, with a bit of rejigging and some sacrifices.

It’s temporary and you’d have a mega pension pot by the end.

I’m not defending TFC rules though, especially the dumbassery around child benefit.

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aggi in reply to @Howard

Even with thirty free hours I was paying about £1,400 a month for childcare for one kid.

Couple of kids and a London mortgage would wipe out £70k salary. Which is crazy

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