Today (1 May), the government announced that families can use Tax-Free Childcare on wraparound childcare and holiday club costs.
With Tax-Free Childcare families arranging childcare for the start and end of the school day can get financial support of up to £2,000 a year per child, or £4,000 if their child is disabled, towards the cost. Parents can use the scheme to pay for childcare for children aged 11 or under, or up to 16 if the child has a disability.
For every £8 deposited in a Tax-Free Childcare account, the government tops it by £2 which means parents can receive up to £500 (or £1,000 if their child is disabled) every three months to use to pay for their childcare costs.
Once an account is opened, parents can deposit money and use it straight away or keep it in the account to use it whenever it’s needed. Any unused money in the account can be withdrawn at any time.
For more information about Tax-Free Childcare and how to register visit GOV.UK.