With many people now back in the office, we thought it would be a good idea to remind our clients of the government’s Tax-free Childcare Scheme, which gives working parents and legal guardians 20% off childcare costs.
Whether you pay for a nursery, nanny, childminder, play scheme or afterschool club, the Tax-free Childcare Scheme involves the government adding 20p to every 80p you pay into your account. This makes it easier to afford professional care for your child whilst you’re at work.
The scheme allows you to claim up to £500 every three months, up to a maximum of £2,000 a year, which shows how much of a positive difference it can make to your cash flow and profit margins. If your child is disabled, the amount you can claim increases to £1,000 every three months and is capped at £4,000 a year.
If you’re interested in the Tax-free Childcare Scheme and want to find out more, please call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in our contact form.
