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Be ready for Tax-Free Childcare

£0.00 @ GOV.UK
Tax-Free Childcare is a new government scheme to help working parents with the cost of childcare. Parents will be able to open an online account, which they can use to pay for childcare from a regi… Read More
TrollForce Avatar
7m, 3w agoFound 7 months, 3 weeks ago
Tax-Free Childcare is a new government scheme to help working parents with the cost of childcare.

Parents will be able to open an online account, which they can use to pay for childcare from a registered provider.

For every £8 a parent pays in, the government will pay in an extra £2. Parents can receive up to £2,000 per child, per year, towards their childcare costs, or £4,000 for disabled children.

The scheme will be available for children up to the age of 12, or 17 for children with disabilities.

To qualify, parents will have to be in work, and each expecting to earn at least £115 a week. Each parent must not have income over £100,000 per year.
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TrollForce Avatar
7m, 3w agoFound 7 months, 3 weeks ago
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#1
Great but its not applicable for us anymore :( heat added!
3 Likes #2
Seriously this is child abuse, a child does not want to get outsourced. Child protection for all mammals on earth features ,mother and child.
1 Like #3
Truthful , say the unsayable non Politically Correct name for Childcare scheme is Absent Mum care scheme (except for essential need as prescribed in law).
#4
The mums we know pack up job for caring child though, one ticks over with one day a week just to keep job.
A pleasant model to consider,
http://cupofjo.com/2014/07/20-surprising-things-about-parenting-in-germany/
#5
Thanks!! I didn't know about this. We are lucky that my daughter only goes to a nursery one day a week but any help to the cost of it would be great.
#6
Don't think this is as good as the existing child care voucher scheme through your employer
1 Like #7
Tax-free is not the same as free. This should be in deals ;)
1 Like #8
manicmidlander
Don't think this is as good as the existing child care voucher scheme through your employer
You are lucky one to get it. Not everyone work for public sector and big money spending companies.
Mine or wife's did not give us a penny towards childminding. Now we pay 600-700 for 2 a month while my wife earns 800-850.
So basically 2 of us working every month both working, traveling Spending Money On Fuel , Cars maintaining etc etc .we are getting about 200 250 more than only 1 of us was working. The problem creates when 1 of us have to stay at home to take care of sick one or two children or childminder takes BANK HOLIDAY PAYED which either of us has !
Sometimes I'm not surprised mother with 2 children or more decide to stay home because it doesn't make a sense to go to work.
#9
pitlab why are you making your other half work? my kids go to granny but I'm dreading the dental bill
2 Likes #10
splender
Seriously this is child abuse, a child does not want to get outsourced. Child protection for all mammals on earth features ,mother and child.


Well your clearly an idiot!!!!
#11
This scheme launches early 2017 apparently. Good for our household, as we lose out on too much income if one of us gives up work (i.e. not worth it). We only have one child, so will work out for us quite well, in combination with employer childcare vouchers each month.

£50+ a day at a lot of nurseries, so potentially £38 p/w (£2000/52 weeks) saving. Not to be sniffed at!
#12
manicmidlander
Don't think this is as good as the existing child care voucher scheme through your employer
That depends on whether you are a higher rate tax payer.

It's also not clear if you can do both employer and government schemes - it doesn't say you can't, but that doesn't mean you can either. For now, I will remain optimistic - it is, after all, an initiaitive to encourage full-time parents to go (back?) into the workplace.
#13
llomas4
splender
Seriously this is child abuse, a child does not want to get outsourced. Child protection for all mammals on earth features ,mother and child.
Well your clearly an idiot!!!!

Might want to check your spelling before you go calling other people idiots.
#14
caka
pitlab why are you making your other half work? my kids go to granny but I'm dreading the dental bill
Yeah, we don't have a granny near by .
#15
For those wondering about whether or not you can use this scheme in conjunction with existing childcare vouchers - according to a poster at my work, you can use one or the other. If I remember right it said 45% of people are better off using childcare vouchers, whilst 55% are better off using the new scheme.
#16
kimbojim
For those wondering about whether or not you can use this scheme in conjunction with existing childcare vouchers - according to a poster at my work, you can use one or the other. If I remember right it said 45% of people are better off using childcare vouchers, whilst 55% are better off using the new scheme.


That's my understanding too. Also at some point soon employer child care vouchers will not be available to new applicants.

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