Tax-Free Childcare is now open to parents whose youngest child is under nine.
The HM Revenue and Customs (HMRC) led scheme, helps working parents with the cost of childcare with up to £2,000 per child a year, or £4,000 for disabled children.
As from January 15, 2018, parents with children under the age of nine can apply online for TaxFree childcare.
Parents who are self-employed can also apply for this scheme.
Since April 2017, HMRC has received 325,000 successful applications for its 30 hours free childcare and Tax-Free Childcare schemes*.
The scheme will open to all remaining eligible families with children under 12 on February 14, 2018.
“It is very important that working parents register for these schemes,” said Peter Way-Rider, tax manager at Ellis & Co.
“You apply online, and there is also a childcare calculator which will help you choose the best childcare scheme for you and your family.”
To find out more and how to apply visit https://www.childcarechoices.gov.uk or contact Peter Way-Rider on 01244 343504.
*Figures from HMRC.