alt Hacker NewsI've got it all to come later this year, my first was born in the autumn
I haven't heard of the charity workaround, sounds really useful, how much does buying the membership reduce your income by?
I've got it all to come later this year, my first was born in the autumn
I haven't heard of the charity workaround, sounds really useful, how much does buying the membership reduce your income by?
The whole membership, gift-aided charity donations count as reducing your adjusted net income by the amount for childcare purposes.
There are some quite specific rules about whether things are gift-aidable or not (and as a result a lot of memberships to charities e.g. English Heritage are not gift aidable) but if they are then you add them to your tax return and you also get 25% back. National Trust is, so you pay ~£3k for a family membership (https://www.nationaltrust.org.uk/membership/life-membership), get ~£750 back, and the charity gets £3750 in total.