Whether you have toddlers or teens, you might be entitled to support with childcare costs.
Almost one million eligible families haven’t taken up their right to Tax-Free Childcare, which can help working families pay for any approved childcare for children aged 11 or under, or 16 if the child has a disability. The money can help towards the cost of holiday clubs, before and after-school clubs, childminders and nurseries, and other approved childcare schemes.
This could also include a Tax-Free Childcare account, where the Government contributes 20 per cent of childcare costs. For every £8 you pay into an account, the Government will add an extra £2, up to £2,000 per child per year or £4,000 if the child has a disability. Opening a Tax-Free Childcare account is simple and takes around 20 minutes. Money can be deposited at any time and can be used whenever it’s needed – unused money in the account can be withdrawn at any time. Find out more here.
You can do a quick check here to find out if Tax-Free Childcare could help you.
