HM Revenue and Customs (HMRC) is urging working families across the country to act now to avoid missing out on a tax-free cash boost. Thousands of parents, carers and families could receive financial support for childcare costs over the summer holidays.
The Tax-Free Childcare scheme sees the UK Government pay 20% of childcare costs. Eligible families and carers can receive up to £500 every three months per child (£2,000 each year). Alternatively, families can get £1,000 every three months (£4,000 each year) if their child is disabled.
This scheme can be used by those with children aged up to 11, or the age of 17 if the child has a disability. The money can be used to pay for holiday clubs, clubs run before or after school, childminders, nurseries and some other approved childcare schemes, reported the Daily Record.
