Save up to 拢2,000 a year on childcare for your new school starter
Parents reminded how they can save thousands on the cost of childcare with Tax-Free Childcare.
- Working families sending their child to school for the first time in September can save up to 拢2,000 a year per child on their childcare bills
- Tax-Free Childcare can be used flexibly to pay for childminders, wraparound and holiday childcare
- Supporting the 바카라 사이트바카라 사이트檚 mission to grow the economy and deliver on the Plan for Change
Hundreds of thousands of families who recently found out their little one바카라 사이트檚 September primary school place, can use Tax-Free Childcare to save thousands on wraparound childcare and holiday club costs HM Revenue and Customs (HMRC) has said.
Many working families will now be arranging childcare for the start and end of the school day, and with Tax-Free Childcare they can get financial support of up to 拢2,000 a year per child, or 拢4,000 if their child is disabled, towards the cost. 聽
Visit 바카라 사이트 to check eligibility and register for Tax-Free Childcare.
Darren Jones, Chief Secretary to the Treasury said:
Through our Plan for Change, we are putting more money into the pockets of working people, worth up to 拢2,000 per year through Tax-Free Childcare. This will make it easier for parents to get back into work as we go further and faster to grow the economy.
Myrtle Lloyd, HMRC바카라 사이트檚 Director General for Customer Services, said:聽
Starting school can be an expensive time, there바카라 사이트檚 a lot to buy and there바카라 사이트檚 also a lot to organise. Now you know where your child is going to school you can start organising your childcare and Tax-Free Childcare can help make the costs more manageable. Sign up to start saving today on 바카라 사이트.
Tax-Free Childcare can be used to pay for any approved childcare so parents can arrange their childcare to suit them - whether that바카라 사이트檚 wraparound care, a childminder, after school clubs or school holiday care.
Parents can use the scheme to pay for childcare for children aged 11 or under, or up to 16 if the child has a disability.
For every 拢8 deposited in a Tax-Free Childcare account, the government tops it by 拢2 which means parents can receive up to 拢500 (or 拢1,000 if their child is disabled) every 3 months to use to pay for their childcare costs.
Once an account is opened, parents can deposit money and use it straight away or keep it in the account to use it whenever it바카라 사이트檚 needed. Any unused money in the account can be withdrawn at any time.바카라 사이트�바카라 사이트�
The government바카라 사이트檚 Plan for Change is putting more money in people바카라 사이트檚 pockets and with Tax-Free Childcare, working families can save on their childcare bills by up to 拢2,000 per year per child or 拢4,000 a year if their child is disabled.
Families could be eligible for Tax-Free Childcare if they:바카라 사이트�바카라 사이트�
- have a child or children aged 11 or under. They stop being eligible on 1 September after their 11th birthday. If their child has a disability, they receive up to 拢4,000 a year until 1 September after their 16th birthday聽聽聽
- the parent and their partner (if they have one) earn, or expect to earn, at least the National Minimum Wage or Living Wage for 16 hours a week, on average바카라 사이트�바카라 사이트�
- each earn no more than 拢100,000 per annum바카라 사이트�바카라 사이트�
- do not receive Universal Credit or childcare vouchers바카라 사이트�바카라 사이트�바카라 사이트�
A full list of the eligibility criteria is available on 바카라 사이트.바카라 사이트�바카라 사이트�
Tax-Free Childcare can be used alongside the free childcare hours subject to eligibility.聽
Further Information
Latest Tax-Free Childcare statistics with data available up until December 2024 were released in February.聽
For more information about Tax-Free Childcare and how to register.聽
Each eligible child requires their own Tax-Free Childcare account. If families have more than one eligible child, they will need to register an account for each child. The government top-up is then applied to deposits made for each child, not household.바카라 사이트�바카라 사이트�
Account holders must confirm their details are up to date every 3 months to continue receiving the government top-up.바카라 사이트�바카라 사이트�
Childcare providers can also sign up for a childcare provider account via 바카라 사이트 to receive payments from parents and carers via the scheme.