New Tax-free Childcare Scheme

Application for the new tax-free childcare scheme is now open for working parents. Another childcare scheme will also be opening in September. The two new schemes are intended to cut childcare costs by up to £2,000 per year for each child under 12 years old. This is £4,000 per year for disabled children under 17 years old.

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Working parents with children who will be aged under 4 on 31 August 2017 can now apply on 24 April 2017 via the new digital childcare service that the government implemented. The service is for tax-free childcare and for parents to receive a government top-up of £2 for every £8 that that they pay into their tax-free childcare account. On the other hand, parents of disabled children under 17 years old are able to apply on the same date. The programme is expected to roll out throughout the year and all eligible parents should receive it by the end of 2017.

 

Additionally, working parents with children aged 2-3 years will be eligible for a 30-hour free childcare place in September can apply through the childcare service and start arranging a place with their childcare provider. Eligible parents will only need to make a single application for both schemes.

 

For more information, please go to: http://www.taxexpert.co.uk/contact/