UK families to see tax-bills cut as date announced for the launch of Tax-Free Childcare

UK parents can now pre-register for the governments new childcare offers. (Available at https://www.childcarechoices.gov.uk/).

From the 28th April Tax-Free Childcare will be available to parents of young children. Childcare costs for working families across the UK should be cut by as much as £4,000 per child each year.

Approximately 2 million working families are eligible for the Tax-Free childcare.

The scheme will be gradually rolled out, with the parents of children under two being the first eligible to enter the scheme.

Parents of three and four year old children living in England will have access to 30 hours of free childcare from September 2017.

By December 2017 eligible parents will be entitles to government top-ups of £2 for every £8 the parent pays for their Tax-Free Childcare account. This will be open to all working parents across the UK with children under 12, or 17 if disabled.

 

Contact us now for more tax advice.