If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi all,
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.

Creche fees

jos28 · 2020-08-31 15:17:10

Does anyone know the most tax efficient way to help an employee out with creche fees. I know there's no tax relief and that it would be classified as BIK if an employer pays the fees. Is there anyway to help out other than giving a pay rise to cover childcare costs.

31-08-2020 4:17pm

#1

jos28

Registered Users Posts: 7,188 ✭✭✭

Join Date: August 2005

Posts: 6646

Does anyone know the most tax efficient way to help an employee out with creche fees. I know there's no tax relief and that it would be classified as BIK if an employer pays the fees. Is there anyway to help out other than giving a pay rise to cover childcare costs.

0

Comments

#2 12-10-2020 3:15pm

1991hun

Registered Users Posts: 6 ✭

Join Date: October 2020

Posts: 6

There is no relief unfortunately for childcare costs.

A subsidy towards childcare costs would be a taxable BIK, subject to tax, USC and PRSI. Similarly, a payrise would also be fully taxable.

Hope this helps.

0