Using the tax breaks available to you
Up to £4.2 billion in tax credits will go unclaimed in the current tax year, leaving millions paying too much in tax.
Source: Unbiased.co.uk
There are a number of tax breaks available to you as a family that can save you money.
Firstly there are tax credits from the government. These are known as Child Tax and Working Tax Credits.
Details of these are available in this government leaflet.
Clearly the key is to know whether your family qualifies. You can do this on-line at this HM Revenue & Customs website
The tax credits are the well-known tax breaks but many parents also run the family on one income due to childcare commitments. Make sure if you have a non-earner in your house you utilise the tax breaks available to non-taxpayers on cash savings.
We all pay our taxes so make sure that your family is receiving all the benefits available to you in this area.
If you want to discuss the tax breaks available to you, please contact us and we will do everything to help.
Contact Us
Telephone: 0800 043 5440
Email: info@parentguidetomoney.co.uk
