HM Revenue and Customs (HMRC) is encouraging working families to sign up to Tax-Free Childcare to save on their childcare costs.
Tax-Free Childcare helps working families with their childcare costs by saving up to £2,000 per year for each of their children up to the age of 11 or £4,000 per year up to aged 16 if the child is disabled.
Families could be eligible for Tax-Free Childcare if they:
- have a child or children aged 11 or under. They stop being eligible on 1 September after their 11th birthday. If their child has a disability, they receive up to £4,000 a year until 1 September after their 16th birthday
- the parent and their partner (if they have one) earn, or expect to earn, at least the National Minimum Wage or Living Wage for 16 hours a week, on average
- each earn no more than £100,000 per annum
- do not receive Universal Credit or childcare vouchers
Full eligibility can be found on GOV.UK.
To find out if you can get help paying for childcare in Wales, please select the following link: Get help paying for childcare | GOV.WALES.