Reduce tax on Child care fee's

CD2005

Registered User
Messages
43
Hi,

Just seen in my creche this morning.

Just wondering if anyone is participating in a scheme where you reduce your salary and get your employeer to pay your child care costs directly, reducing PRSI for them and reducing your tax bill.
Would this payment then lead to a BIK issue? and if so what % is BIK? Would it still be worth doing?

Thanks
 
This only works in restricted circumstances. See [broken link removed].
 
It would merely be a payment to the childcare facility, so this would be no benefit if i've to pay tax and pris then?
 
I don't understand. If the facility in question does not meet the rules for exemption from BIK then any direct payment by the employer for childcare would be subject to BIK tax and PRSI so the situation would be no different to you paying these fees from after tax income.