Families that benefit from government-funded childcare support were given a boost today as the government announced that they would not lose out due to coronavirus (COVID-19).Working parents or carers who are eligible for Tax-Free Childcare or 30 hours free childcare but have temporarily fallen below the minimum income requirement as a result of the pandemic will continue to receive financial support until 31 October 2020.Critical workers who may exceed the income threshold … [Read more...]
Tax-Free Childcare: All you need to know about the new scheme
Thousands more families can now claim tax-free childcare - after the Government extended its Tax-Free Childcare scheme to children under nine.Here’s what you need to know.Why is this being introduced now?The government introduced Tax-Free Childcare in April 2017. This latest announcement is part of a continuing roll-out.So what’s changing?Some families currently get childcare vouchers through their employers to help towards costs, but from April 2018 this scheme will close to … [Read more...]
Tax-Free Childcare
In March 2016, the Government confirmed their plans for a Tax-Free Childcare scheme to be rolled out gradually from early 2017. Tax-free Childcare will provide working parents and now self-employed workers with another option for tax savings on their childcare direct through the Government.You can sign up for Tax Free Childcare now! This is a great step for working parents as this will help all those employed and now those self-employed.Childcare vouchers will remain in place and you … [Read more...]
30 hours free childcare: What you need to know
Childcare can be a significant financial burden for parents with costs adding up to thousands per year.To address the issue, the government is doubling free child care for three and four-year-olds in England from 15 hours to 30 hours from September 1.The 30 hour funding will be available to parents who work at least 16 hours and earn less than £100,000.They can claim it for the term after their child's 3rd birthday.It will usually available for 38 weeks of the year (term-time) … [Read more...]