The government have launched a new Childcare Account.
For every £8 a parent pays into their childcare account, the government will pay in an extra £2. Having used this myself I wanted to share this information in case parents were missing out on the opportunity to use this.
- is under 12, or 17 if they’re registered as having a disability
- usually lives with you
You (and your partner, if you have one):
- Are 16 or over
- live or work in the UK
- Are employed or self-employed
- Are over 21 and earn on average at least £120 a week, unless in your first year of self-employment.
- earn less than £100,000 a year each
- Don’t get other support with your childcare, including from a childcare voucher or salary sacrifice scheme
You may also be eligible if you have a partner and one of you gets any of the following benefits:
- Carers Allowance
- Employment and Support Allowance
- Incapacity Benefit
- Severe Disablement Benefit
The government has started inviting parents to apply for Tax-Free Childcare, beginning with parents of the youngest children first. You can check if you the childcare account is best for you by visiting the gov.uk website and using the childcare calculator.
You will only be able to pay your childcare provider through your childcare account if your provider is already signed up.
Please click here to be directed to gov.uk application form, this will take approximately 20 minutes to complete and if you are eligible you will be able to start using the account straight away.