HMRC is encouraging working families in the UK to apply for a £500 tax-free boost to help with rising costs this summer. Working parents who have young or school-aged children could be missing out on as much as £1,000 every three months to help with childcare costs.
With only a few weeks left of the school term and the cost of living crisis worsening due to rocketing energy and fuel prices, as reported by the Daily Record this timely boost could help pay for holiday clubs and out-of-school activities over the summer. This weekend thousands of protesters gathered at rallies to demand action from the Government to combat the cost-of-living crisis.
The TUC says its research suggests workers have lost almost £20,000 since 2008 because pay has not kept pace with inflation. Tax-Free Childcare gives eligible households as much as £500 every three-month period — or £1,000 if their child has a disability — to put towards approved childcare schemes.
