Provide childcare vouchers to working parents

For parents who "choose" to return to work, provide childcare vouchers to subsidise the cost of childcare during the day providing the parents are tax payers.  If parents are choosing to return to work even if it is a financial requirement rather than personal choice they are still contributing to taxes and should receive an incentive for returning to work and contributing to taxes.  This could either be done by providing childcare vouchers or by reducing tax on income spent on childcare

Why the contribution is important

Benefits are paid for by the tax payer but with childcare costs as high as they are it is actually more beneficial in a lot of cases for a parent to stay at home with their child and instead claim benefits of which they are no longer contirbuting towards. I for one had a higher take home pay by reducing my hours to part time where my salary then went beneath the 20% tax bracket. So I reduced my hours, paid less tax, was entitled to claim child benefit which further increased my take home all while paying much less in tax.

by pent on April 05, 2017 at 02:46PM

Current Rating

3.2
Average score : 3.2
Based on : 5 votes

Comments

  • Posted by DocMills April 05, 2017 at 15:26

    The Isle of Man has to at least match UK benefits otherwise people will carry on leaving.
  • Posted by nemo April 05, 2017 at 16:08

    If the government was bothered about childcare and getting parents into work they would never have closed the government run pre-schools in 2012.
  • Posted by alibongo April 06, 2017 at 20:31

    Doc, if someone leaves the Isle of Man because they can not get enough benefits then all I can think of is 'good riddance'. At the moment the childcare vouchers seem to be weighted in favour of those who do not work rather than being aimed at working families with young children. Those who work and put into the system are the ones who need assistance.
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