Families urged to take advantage of tax-free childcare scheme

Families are being reminded to take advantage of the financial support made available through the government’s tax-free childcare scheme.

With a new school term starting, it’s easy to forget about organising the next term ahead, but by opening a tax-free childcare account, families can save up to £2,000 per child on their yearly childcare bills.

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

Myrtle Lloyd, HMRC’s Director General for Customer Services, said, “Starting back to school and arranging childcare for the term ahead can be costly for working families.

“Tax-Free Childcare offers financial help so families can save on the cost of childcare. Search Tax-Free Childcare on GOV.UK and sign up online today.”

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