HM Revenue and Customs (HMRC) is reminding working families to give their childcare budget a treat this Halloween by opening a Tax-Free Childcare account.
Parents can use Tax-Free Childcare to help with childcare costs for school holiday clubs, breakfast or after school clubs, childminders or nurseries. It provides working families with up to £2,000 a year per child off their childcare bills for children up to the age of 11, or £4,000 a year up to the age of 16 if their child has a disability.
For every £8 paid into a Tax-Free Childcare account, families automatically receive a top up from the government of £2. Using the tax-free top up, families can save up to £500 every 3 months for each child or £1,000 if their child is disabled.
Opening a Tax-Free Childcare account is quick and easy and can be done at any time of the year. Families who have not yet signed up should check their eligibility and apply online today.
The Childcare Offer for Wales
Help with childcare costs for eligible parents of 3 to 4 year olds.
Do you need help with childcare costs? Under the Childcare Offer for Wales, you could claim up to 30 hours of early education and childcare a week, for up to 48 weeks of the year. For further information please select the following link Childcare Offer for Wales | Help With Childcare Costs Wales | GOV.WALES