3min chapter

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Ep 155: Tax planning for doctors in 2023 (pt2)

Medics Money podcast

CHAPTER

The Tax Free Child Care Scheme

The more legit expenses you put through, the lower your taxable profits will be. From April 2024, for 38 weeks a year, 30 hours per week of free child care will be offered to eligible work in parents of children aged nine months to three years. For those who have an adjusted net income of above 100,000 pounds, you basically lose your access to the tax free child care scheme. If you guys think that we should do National Insurance, or YouTube video and you'd like to see it, just let us know.

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