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Make school holidays easier with tax-free childcare

16th July 2019

By Lyndsey Hall

 Make school holidays easier with tax-free childcare

 

Did you know there is a government scheme available that can help contribute towards childcare costs which may mean fewer of your employees will need time off at the same time this summer?

Tax-Free Childcare is a scheme available to working parents with children from 0-11 years and many parents are not taking advantage of the scheme. HMRC would thus welcome help from employers in changing that, so please tell your employees about Tax-Free Childcare and how it can reduce their childcare costs.

Eligible parents can get up to £2,000 per child, per year to spend on qualifying childcare (effectively a 25% top up). Note that Tax-Free Childcare isn’t just for everyday childcare costs, such as childminders and nurseries, parents can also use it to pay towards the cost of:

  • After-school clubs
  • Summer camps
  • School holiday activities 

 

The old childcare voucher scheme has now closed, only those who registered and were issued vouchers before the closing date may continue to use it. Tax-free childcare replaces the old scheme. Visit GOV.UK to see if you’re eligible for tax-free childcare and to register.

Have you used the government’s tax-free childcare scheme? We’d love to hear about your experience with the new system, leave a comment below or get in touch on Facebook, Twitter and Linkedin.

 

Related Articles:

What is tax free childcare?

Saving on Summer childcare costs

125,00 families take up tax free childcare

 

 

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