Tax-Free Childcare launches for all parents of under-12s
6 March, 2018
A scheme, enabling parents of children aged 12 and under to benefit from up to £2,000 towards the cost of childcare, has now been extended to all working parents with children in the age group.
The scheme provides a Government top-up worth £2 for every £8 contributed by parents, up to a maximum of £2,000 a year.
Tax-Free Childcare can be used towards all registered childcare providers, including nannies, nurseries, childminders and after-school clubs.
In order to benefit from the scheme, parents need to sign-up for an online childcare account.
Liz Truss, Chief Secretary to the Treasury, said: “Tax-Free Childcare will cut thousands of pounds from childcare bills and is good news for working parents.
“More parents will be able to work if they want to and this demonstrates our commitment to helping families with the cost of living.
“All eligible parents with children under 12 can now apply through Childcare Choices and should take advantage of the available support.”
The Government expects that by the end of the Parliament, Tax-Free Childcare will support around one million families with the cost of childcare.