Income Splitting

Posted in: Families and Money, Family Finance
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For all the joy of raising a family, there’s no denying that it comes with financial sacrifices and responsibilities that people without children and those with grown-up children do not always bear.

Fiscal policies and lending practices used to ensure that families were given the necessary financial slack during these demanding years, but today’s support is highly selective to suit a particular ideology   ie  it comes only in the form of favourable fiscal policies for dual earner families and subsidised childcare for those using registered provision inspected by OFSTED.

The one-earner ‘breadwinner’ family looking after children at home is systematically overlooked by the current fiscal system.  They are deemed to have ‘no costs’!   In fact the costs for a parent at home are considerable as either mum or dad will have given up a job and much needed income in order to take care of the children. 

alt Download our Income Splitting Leaflet here

 

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