We all know juggling school holidays is tough for working parents and the costs can escalate faster than Weetabix dries to the breakfast table. I’m sure we would all love to take the time off with the family, however, whether you are working for an employer or self-employed this is not always possible and can be highly disruptive to working patterns. It puts a great deal of pressure on parents when quite frankly you have enough on your plate.
Did you know tax-free childcare is a government scheme available to working parents with children from 0-11 years?
Who is it for:
- For working families, including self-employed, in the UK
- With children under 12 (or under 17 if disabled)
- For every £8 you pay in, the government will add an extra £2, up to £2000 per child per year
With the summer holidays fast approaching this is definitely something all working parents should be looking into.
This government scheme has been made available to help contribute towards childcare costs which may mean fewer employees will need time off at the same time.
Eligible parents can get up to £2000 per child, per year to spend on qualifying childcare! For example, employees with 2 children, could be a £4000 per year saving on the family’s budget.
Tax-free childcare isn’t just for everyday childcare costs such as childminders, nurseries and nannies’ parents can also use the it to pay towards costs of (qualifying):
- Afterschool clubs
- Summer camps
- School holiday activities
The key here is that the provider must be signed up to the scheme.
To apply or check if you are eligible please visit www.childcarechoices.gov.uk