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Crack your Easter childcare costs with tax-free top ups
Tax-Free Childcare can pay for any approved childcare for children aged 11 or under, or 16 if the child has a disability. More than 52,500 families in the North West used the scheme in December 2022. Working families, where each parent or carer earns up to £100,000 can use it, meaning for every £8 paid into an online account they will receive an additional £2 from the government. This means parents and carers can receive up to £500 every 3 months (£2,000 a year for each child), or £1,000 (£4,000 a year for each child) if their child is disabled. Opening a Tax-Free Childcare account is quick and easy and can be done at any time of the year. Families who have not yet signed up should check their eligibility and apply online today. Myrtle Lloyd, HMRC’s Director General for Customer Services, said:- “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.” A Tax Free Childcare account can be opened online in just 20 minutes. Money can be deposited at any time to be used straight away, or whenever it is needed. Unused money in the account can be withdrawn at any time. Go to:- GOV.UK to register and get started. Families could be eligible for Tax-Free Childcare if they:-
A full list of the eligibility criteria is available on GOV.UK. The Government is offering help to households. Check GOV.UK to find out what cost of living support, including help with childcare costs, families could be eligible for.
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