With the Easter school holidays just around the corner, families are being reminded not to miss out on financial support for childcare costs.
In December, more than 405,000 families used the Tax-Free Childcare scheme, each benefitting from a share of £41.5m in government top ups.
For every £8 paid into an online account, families will automatically receive an additional £2 from the government.
It’s available for children aged up to 11 (or 17 if the child is disabled), families can receive up to £2,000 a year per child (or £4,000 if the child is disabled) through Tax-Free Childcare, which can help towards the cost of holiday clubs, before and after-school clubs, childminders, nurseries and other approved childcare schemes.
Considering becoming an employee of Contractor Umbrella?
Give us a call on 01206 591 000 or email jaime.thorpe@contractorumbrella.com.
Email JaimeVictoria Atkins, Financial Secretary to The Treasury, said, “Tax-Free Childcare provides extra help with childcare costs which could make all the difference to working families and make childcare expenses more manageable.
“I would urge families to go online today to find out how it can help you.”
Myrtle Lloyd, HMRC’s Director General for Customer Services, added, “Childcare is so important for working families, especially during school holiday time. Tax-Free Childcare provides financial support when it’s needed the most. Search ‘Tax-Free Childcare’ on GOV.UK to find out how it could help you.”
To find out more about contracting please contact Jessica on 01206 591 000 or email jessica.attwood@contractorumbrella.com.