HM Revenue and Customs (HMRC) is urging families in Scotland not to miss out on up to £2,000 a year to help pay for regulated childcare as pupils start going back to school for the start of a new term.
Tax-Free Childcare provides thousands of eligible parents and guardians with up to £500 every three months (£2,000 a year), or £1,000 if their child is disabled (£4,000 a year), towards the cost of holiday clubs, before and after-school clubs, childminders and nurseries, and other approved childcare schemes. For every £8 deposited into a Tax-Free Childcare online account, families will automatically receive an additional £2 in UK Government top-ups, and it is available for children aged up to 11, or 17 if the child has a disability.
In June 2022, more than 23,200 working families in Scotland benefited from Tax-Free Childcare, but thousands more could be missing out. Overall in June, HMRC paid out £41.6 million in top-up payments, which was shared between approximately 391,000 families across the UK.
