As the Island’s primary and secondary school children get ready to go back to school this Autumn, HM Revenue and Customs (HMRC) is reminding families in the South East to not miss out on up to £2,000 a year on their child’s wraparound care.
Tax-Free Childcare puts more money back in the pockets of working families by providing much-needed financial support towards the cost of childcare for children aged 11 or under, or up to 17 if the child has a disability. For every £8 paid into a Tax-Free Childcare online account, families will automatically receive an additional £2 in government top-up.
Families receive up to £500 every 3 months (£2,000 a year) per child, or £1,000 (£4,000 a year) if their child is disabled, helping towards the cost of before and after-school clubs, childminders and nurseries, holiday clubs and other approved childcare schemes.
In June 2022, more than 62,000 working families in the South East benefitted from Tax-Free Childcare – but thousands more could be missing out. Overall in June, HMRC paid out £41.6 million in top-up payments, which was shared between approximately 391,000 families across the UK.
Families can find out what childcare support is best for them via Childcare Choices.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said:
“Tax-Free Childcare can make a big difference to families in the South East, helping with the bills for things like wraparound care for school children, nurseries, childminders and holiday clubs. It’s easy to register – search ‘Tax-Free Childcare’ on GOV.UK.”
More than 1 million families in the UK are entitled to some form of government childcare support and the government is encouraging those eligible to not miss out on their entitlements.
For thousands of families who use Tax-Free Childcare, the money they save each month on their childcare costs is money that goes back into their pockets. Accounts can be opened at any time of the year and can be used straight away, and money can be deposited at any time and used when needed. Any unused money that is deposited can be simply withdrawn at any time.
So the larger burden you have inflicted society with the more you wii receive.
Sounds about right for today’s thinking.
All these benefits ,,,, there’s people out there with no roof over their heads ,no food , can’t afford to heat and eat properly and these people get handed hundreds / thousands of pounds to get something they should organise themselves just like we all had to do when our kids were young .
what a drain on society these are
Stop picking on the little people, divide and conquer.
98% of this countrys wealth, is owned bye 2% of this countrys population.
Thank labour for that one. They made being a single parent a career choice.
Them same children will be paying there taxes in the near futer to pay for your state pension and maybe end up wipeing your a*** whilst on a minimum wage.
But hey, don’t let facts get in the way, wot say you IE ?