Tax Free Childcare
Published: Thursday, 25 May 2017 18:48
Written by More2Admin
Tax-free childcare is a government scheme that allows all eligible parents of children under 12 – or 17, if your child has a disability – to open an online account to pay for childcare. For every 80p you pay in the government will pay in an extra 20p. All registered childcare providers - including our Greenwich nursery
are able to accept payments via the scheme.
In time it will replace the current employer schemes which will be closed to new entrants from April 2018.
The eligibility criteria for Tax-Free Childcare is broadly the same as for the 30-hour offer.
It is important to note that, while you can use Tax-Free Childcare alongside the 30-hours offer (or 15 hour offer), you can’t use it at the same time as:
- Childcare vouchers
- Universal Credit
- Tax credits
More information is available at the government’s Childcare Choices website: www.childcarechoices.gov.uk
Think carefully about your options before deciding what is best for you – for example, some parents may find they benefit more from being able to use tax credits than they would if they switched to tax free childcare – it depends on your individual circumstances as to what will be best for you and your family. There is a calculator here