Families with a disabled child could save up to £1,000 every three months on childcare costs.
Now the new school term has started, HM Revenue and Customs is reminding families to open a Tax-Free Childcare account to save up to £2,000 per child on their annual childcare bills. Families can use their Tax-Free Childcare account to pay for any approved childcare including holiday, breakfast and after school clubs, childminders and nurseries.
In March 2023, 477,000 families were supported by Tax-Free Childcare for 577,000 children, compared to 384,000 families and 458,000 children in March 2022. Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “Arranging childcare can be costly for working families. Tax-Free Childcare offers financial help so families can save on the cost of childcare. Search Tax-Free Childcare on GOV.UK and sign up online today.”
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