HM Revenue and Customs (HMRC) urges families to save on childcare costs for the Easter break. Tax-Free Childcare offers up to £2,000 annual savings per child, £4,000 for disabled children.
Key Points:
- HMRC reminds working families to save on childcare expenses before school holidays.
- Sign up for Tax-Free Childcare before Easter break to save up to £2,000 per child annually.
- Tax-Free Childcare covers childcare for children aged 11 or under (up to 16 if disabled).
- Parents can receive up to £500 (£1,000 for disabled children) every 3 months.
- Apply online in 20 minutes for various childcare services, including nursery and after-school clubs.
- Eligibility criteria include having children aged 11 or under, earning National Minimum Wage or Living Wage for 16 hours a week, and earning less than £100,000 per annum.
- Eligible parents of 2-year-olds can register for 15 hours of free childcare per week from April 2024, expanding to 30 free hours by September 2025.
