Data Reveals Parents ‘Failing to Make Use of Tax-Free Childcare’

According to data published by the government, its Tax-Free Childcare (TFC) scheme 'has not had the uptake expected', with only 22% of eligible families making use of it. Official figures have suggested that the government had planned and budgeted for 415,000 families to be using the TFC scheme by October 2017. However, the data has … Continue reading Data Reveals Parents ‘Failing to Make Use of Tax-Free Childcare’

Update on Tax Free Childcare

Further detail has been released on the new tax free childcare scheme that HMRC are set to debut in early 2017. Under the scheme eligible parents open an online account, which they can use to pay a registered childcare provider. HMRC top up the account with £2 for every £8 paid in, up to a … Continue reading Update on Tax Free Childcare

Tax-Free Childcare

The Government is proposing a new Tax-Free Childcare scheme which will help around 2.5 million working families, which was one of the major announcements in the 2013 budget. HOW MUCH HELP CAN I GET? Eligible families will get 20% of their annual childcare costs up to £6,000 per child, paid for by the Government. This … Continue reading Tax-Free Childcare