HM Revenue and Customs is reminding parents that they could be missing out on an opportunity to get up to £2,000 a year to help with the cost of childcare.
Tax-Free Childcare – the 20% childcare top-up – provides eligible working families with up to £500 every three months (or £1,000 if their child is disabled) towards the cost of holiday clubs, before and after-school clubs, childminders and nurseries, and other accredited childcare schemes.
Tax-Free Childcare is available for children aged up to 11, or 17 if the child has a disability. For every £8 deposited into an account, families will receive an additional £2 in government top-up.
Parents and carers can check their eligibility and register for tax-free childcare via GOV.UK.
Announcement:
https://www.gov.uk/government/news/dont-miss-out-on-up-to-2000-towards-childcare-costs
Tax-free childcare:
https://www.gov.uk/tax-free-childcare
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