The Times
6th August 2026
‘Number of families too rich for free childcare quadruples’
– Paul Denley from the investment firm Oakham Wealth Management said the threshold no longer reflected what was considered a high income. He said: “The £100,000 threshold was set as the line for high earners more than a decade ago and hasn’t moved since, while wages and prices have. That’s fiscal drag doing its quiet work.” “The cruelty is the cliff edge: earn £99,999 and you keep your funded childcare; earn £1 more and it vanishes, just as you start to lose your tax-free personal income allowance taper begins.”
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