HMRC issued the following press notice this week:
“Today (14 February 2018) Tax-Free Childcare opens to all remaining eligible families: parents whose youngest child is under 12. The new scheme helps working parents with the cost of childcare.
It’s quick and easy to apply, and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HM Revenue and Customs has been gradually rolling out Tax-Free Childcare since April 2017.
The money can go towards a whole range of regulated childcare, including nurseries, childminders, after-school clubs and holiday clubs.
Parents, including the self-employed, can apply online for Tax-Free Childcare by visiting Childcare Choices. Parents can also access the government’s childcare calculator through Childcare Choices, which helps parents to choose which government support is best for them.”
You may like to pass this information to work colleagues that may qualify for this scheme and note that self-employed persons can now apply. Childcare costs continue to be a block for parents wanting to return to work but are unable to cope with rising childcare costs.
Every little helps.