On 14 February 2018, the Government’s Tax-Free Childcare Scheme was opened up to all children under the age of 12. The new scheme helps working parents with the cost of childcare.
It’s quick and easy to apply and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HM Revenue and Customs have been gradually rolling out Tax-Free Childcare since April 2017.
The money can go towards a whole range of regulated childcare, including nurseries, childminders, after-school clubs and holiday clubs.
Parents, including the self employed, can apply online for Tax-Free Childcare by visiting Childcare Choices at www.childcarechoices.gov.uk. Parents can also access the government’s childcare calculator through Childcare Choices, which helps parents to choose which government support is best for them.
For more information please visit https://www.gov.uk/government/news/tax-free-childcare-opens-to-all-eligible-families.
19 February 2018