Eligible working families who have new school starters are being reminded that they can use Tax-Free Childcare to save thousands on wraparound childcare and holiday clubs.
This can provide financial support of up to £2,000 a year per child, or £4,000 if their child is disabled, towards the cost.
Families could be eligible for Tax-Free Childcare if:
- they have a child or children aged 11 or under. They stop being eligible on the 1st of September after their 11th birthday. If their child has a disability, they receive up to £4,000 a year until the 1st of September after their 16th birthday
- 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 average
- each parent earns no more than £100,000 per annum
- they do not receive Universal Credit or childcare vouchers
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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 £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, HMRC’s Director General for Customer Services, added, “Starting school can be an expensive time, there’s a lot to buy and there’s 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 GOV.UK.”
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