HMRC has urged working families in the UK not to miss out on a £500 tax-free boost to help cover costs over the summer holidays.
Working parents with young or school-aged children could be missing out on as much as £1,000 every three months to help with childcare costs. With just a few weeks of the school term left and the cost of living crisis getting worse due to the rise in energy and fuel prices, the boost could help with paying for holiday clubs and out-of-school activities during the summer months, reports The Daily Record.
Tax-free Childcare provides eligible working families with up to £500 every three months, or £1,000 if their child is disabled, towards the cost of holiday clubs, before and after-school clubs, childminders and nurseries, and other approved childcare schemes.
