From LADbible · · 1m 10s
Wealthy Parents Quit Jobs to Save on Childcare
Couple earning £200k/year quit jobs to save £21k on childcare after second child.
In brief
Couple earning £200k/year quit jobs to save £21k on childcare after second child. A couple earning over £200,000 per year quit their jobs to save £21,495 on childcare costs after their second child. Originally reported by LADbible.
Couple earning £200k/year quit jobs
A couple earning over £200,000 per year quit their jobs to save £21,495 on childcare costs after their second child.
Childcare costs shot up to £40k
Their childcare costs rose to £40,000 annually for two children after welcoming their second daughter.
Mortgage and nursery costs
They paid £1,600 monthly for their first daughter's nursery and £3,300 monthly for mortgage repayments.
Childcare support drops to 15 hours
The UK government's free childcare support drops to 15 hours per week for families earning over £100,000 annually.
Quitting jobs saved £21,495
By quitting jobs, they reclaimed £16,281 in childcare support, saving £21,495 total.
Launched Wealthy Parent Guide
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They created the 'Wealthy Parent Guide' to help high-earning families save on childcare costs.
System incentivizes career pauses
The childcare system financially incentivizes parents earning over £100,000 annually to pause their careers.
What to remember
A couple earning over £200,000 per year quit their jobs to save £21,495 on childcare costs after their second child.
