[UK] £100k Childcare Trap - How to model?
Hi All,
I've just started using projectionlab as a UK user, and I am really enjoying using it. However one of the big encroaching things for me is the £100,000 cliff edge with respect to Funded Hours and the Tax Free Childcare. I got excited when I saw the tax optimisation tab, however I can't find an obvious way to model this.
It would seem to me that the "Tax Deduction" income item, or the "Tax Deductible" option in expenses would need to have a condition option in order to properly model this.
Has anyone found a work-around?