They say having a
baby will be one of the most costly decisions that you ever make. It can be a
very stressful time for both mother and father not just because of the financial
burden that the child will bring.
It is highly likely
that one, if not both parents will take time off work to look after the new born
baby. This could potentially reduces your families disposable income
substantially and you might not realize the stress it could cause.
There is however an
often unknown benefit that both mothers and fathers could benefit from. If you
have left work in the last 6 years to look after a baby it is highly probably
that you could be due for a big income tax refund.
The reason why this
is so is because you would have stopped working part way through the tax year,
resulting that your tax free allowance would not have been calculated correctly.
The Inland Revenue
generally never contacts people to let them know they have paid too much tax,
and the onus is meant to be on you to claim any back.
Tax Fix operates
the cheapest Income Tax back. Why not
check to see if can claim a tax refund
today? Tax Fix works on a 'No tax back, No Fee' basis. So what do you have to
loose?