Tax-Free Childcare opens to all eligible families

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Tax-free Childcare is now open to all remaining eligible families; parents whose youngest child is under 12.

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 of February 14, 2018, parents with children under the age of 12 can apply online for TaxFree childcare.

Parents who are self-employed can also apply for this scheme.

HM Revenue and Customs has been gradually rolling out Tax-Free Childcare since April 2017.

The money can go towards a whole range of regulated childcare, including nurseries, childminders, after-school clubs and holiday clubs.

Since opening the service, through which parents can apply for both Tax-Free Childcare and 30 hours free childcare, more than 340,000 families have successfully applied.

“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.