With my mummy blinkers on, the budget regarding childcare cost sounds good at the first instance. If you work you get some monetary benefit for childcare costs, even if you're self employed which is a bonus for me as that is what I plan to do. It doesn't matter how many children you have, plus your claim to child benefit is not affected by this new voucher as far as I can tell.
However, the main downside to this is if you work part time, you or your partner don't get anything. Working part time was/is my back up plan. Also, the stay at home mums don't get anything which is a shame especially if the one parent does work. If you get tax credits, you don't benefit either.
Then I started thinking would anything in the budget make me change my plans? If I decide to work part time, I will still do it regardless of how much I get for childcare and same with being self employed. Either way we would make sure we have enough money to cover all our costs. At the moment we're both self employed, so we don't get any childcare vouchers and my husband's income will soon pass the earning threshold for child benefit.
I guess time will tell whether we do actually benefit from this or not and what if you have more than one job? What if you have two part time job or if you are self employed and do part time work?
Attempting to be an amazing accountant and an amazing mum, somehow combine the two and meet somewhere in the middle but currently failing at both. Hoping that in a few years I will have found something I enjoy doing or found some sort of work life balance and will be in a less stressed out place but until then, or as I get there, I think I...