Mother and father are being urged to test whether or not they may very well be eligible for funding in direction of their childcare prices.
Greater than 401,300 households collectively benefited from £44.4 million in authorities funding in direction of childcare prices in September 2022, HM Income and Customs (HMRC) mentioned.
But it surely added that 1000’s of households are nonetheless lacking out on the Tax-Free Childcare top-up.
Tax-Free Childcare gives working households, incomes as much as £100,000 a yr, with monetary assist in direction of childcare.
For each £8 paid right into a Tax-Free Childcare on-line account, households mechanically obtain a further £2 from the federal government. They’ll obtain as much as £500 each three months (including as much as £2,000 a yr), or £1,000 (£4,000 a yr) if their baby has disabilities.
The highest-up funds can be utilized to pay for authorised childcare for youngsters aged 11 or underneath, or as much as 17 if the kid has a incapacity, whether or not the kid goes to nursery, a toddler minder, has term-time wraparound care or attends a vacation membership.
Myrtle Lloyd, HMRC’s director basic for buyer providers, mentioned: “We all know childcare could be costly so utilizing Tax-Free Childcare could make an enormous distinction to family funds. To search out out extra, search ‘Tax-Free Childcare’ on gov.uk.”