Do your employees know about Childcare Choices?
15 June 2017
In addition to detailing free childcare provision available to working parents in England the Childcare Choices website provides working parents will an opportunity to review whether tax free childcare (TFC) is for them.
TFC cannot be claimed alongside the provision of employer childcare vouchers, claims through Universal Credit or Tax Credits for Childcare.
TFC when rolled out in full is aimed at providing support to working families, including the self-employed, in the UK who have children under 12 (or under 17 if disabled).
For every £8 you pay in, you will receive a £2 top up to the account, up to £2,000 per child. This process in no way impacts on income tax calculations as the title might suggest.
Parents of children who will be under 4 on 31st August, and parents of disabled children, can apply now and other parents can register their interest and will be emailed when they are able to apply.