HMRC offers parents tax-free way of paying for childcare

Ahead of the end of the school year and the long summer break, the taxman is reminding parents of a tax-free way to pay for childcare that can be worth up to £2,000 per child per year towards the costs of play groups and clubs.

According to a YouGov survey conducted on behalf of HM Revenue and Customs and published today, arranging childcare during the long summer break – when parents still have to go out to work most days – is a serious cause of stress to almost one-third of mums, dads and guardians.

The poll found that 30 per cent of British parents worried about balancing their job and school holiday childcare. And more than half admitted that they look forward to their children returning to school in September.

To ease at least some of that summer strain, working parents in Croydon and across Greater London can use Tax-Free Childcare, or TFC, to pay for regulated holiday clubs during the school holidays.

More than 58,000 registered childcare providers including school, football, art and tennis clubs have signed up across the country. Parents that pay into their account regularly can “save up” their TFC allowance and use it for childcare during school holidays. The money can go towards a whole range of regulated childcare including nurseries, childminders, before- and after-school clubs, or holiday clubs.

HMRC said this week: “Parents can apply for Tax-Free Childcare and 30 hours free childcare at the same time and are encouraged to do so before the end of June, in time for next term. They can then both be used together, with Tax-Free Childcare payments applying to any additional childcare costs over and above the 30 hours support, throughout the year. Both offers are available to self-employed parents.”

Parents can find out what government help is available and apply online by visiting the Childcare Choices website www.childcarechoices.gov.uk. It includes a Childcare Calculator (www.gov.uk/childcare-calculator) that compares all the government’s childcare offers to check what works best for individual families.


  • ICNN logoInside Croydon is a member of the Independent Community News Network
  • Inside Croydon is the borough’s only independent news source, and still based in the heart of Croydon
  • 1.4 MILLION PAGE VIEWS IN 2017
  • “Monitored” by the council CEO since 2010
  • ROTTEN BOROUGH AWARDS 2017: Inside Croydon was source for two award-winning nominations in Private Eye magazine’s annual celebration of civic cock-ups
  • If you have a news story about life in or around Croydon, a residents’ or business association or a local event to publicise, please email us with full details at inside.croydon@btinternet.com

 

Advertisements

About insidecroydon

News, views and analysis about the people of Croydon, their lives and political times in the diverse and most-populated borough in London. Based in Croydon and edited by Steven Downes. To contact us, please email inside.croydon@btinternet.com
This entry was posted in Education, Schools and tagged , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.