Every penny counts at the moment as the cost of living crisis deepens. Inflation hit double figures this month and the news is full of stories about families cutting back or ways to save cash. HM Revenue and Customs (HMRC) says that working families relying on childcare could claim up to £2,000 a year to assist their budget.
With the end of the summer holiday in sight, millions of children will be going back to school this autumn and for many parents that means reviewing childcare considerations. Tax-free childcare could help those households needing support.
Myrtle Lloyd, HMRC’s director general for Customer Services, said: “Tax-Free Childcare can make a big difference to families, helping with the bills for things like wraparound care for school children, nurseries, childminders and holiday clubs. It’s easy to register – search ‘Tax-Free Childcare’ on GOV.UK.”
