Wiltshire families urged to check if eligible to save on childcare costs
Concerns parents could be missing out on funding
More than 37,600 families in the South West benefitted from government funding towards childcare costs in September HM Revenue and Customs (HMRC) has revealed.
Overall, HMRC paid out £44.4 million in Tax-Free Childcare top up payments to more than 401,300 families across the UK in September.
Compared to September 2021 the number of families in the South West who are using Tax-Free Childcare has increased by 7,985.
But there's concern thousands of families are still missing out on the top-up which could save them up to £2,000 a year per child towards the cost of their childcare.
Tax-Free Childcare provides working families, earning up to £100,000 a year, with financial help towards childcare.
For every £8 paid into a Tax-Free Childcare online account, families will automatically receive an additional £2 from the government. This means they can receive up to £500 every three months (£2,000 a year), or £1,000 (£4,000 a year) if their child is disabled.
The top up payments can be used to pay for any approved childcare for children aged 11 or under, or up to 17 if the child has a disability whether your child goes to nursery, a child minder, has term-time wraparound care or goes to a holiday club.
Families can check their eligibility and see the options for childcare support at Childcare Choices.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said:
“We know childcare can be expensive so using Tax-Free Childcare can make a huge difference to household finances. To find out more, search ‘Tax-Free Childcare’ on GOV.UK.”
Families could be eligible for Tax-Free Childcare if they:
•have a child or children aged 11 or under. They stop being eligible on 1 September after their 11th birthday. If their child has a disability, they may get up to £4,000 a year until they are 17
• earn, or expect to earn, at least the National Minimum Wage or Living Wage for 16 hours a week, on average
• each earn no more than £100,000 per annum
• do not receive tax credits, Universal Credit or childcare vouchers
A full list of the eligibility criteria is available on GOV.UK.