HM Revenue and Customs (HMRC) is reminding eligible working families that they can save up to £2,000 a year on childcare costs with a unique tax-free UK Government scheme. Tax-Free Childcare has helped 38,495 families in Scotland save on childcare during the 2022 to 2023 financial year, an increase of more than 9,300 from the previous year.
The financial support is available to pay for approved childcare including holiday clubs, breakfast and after school clubs, child minders and nurseries. Last year, £533 million in UK Government cash was shared by families across the UK who saved money on their childcare bills.
Working families, with children up to the age of 11, or 16 if their child has a disability, can save up to £2,000 a year per child or £4,000 a year if their child is disabled. For every £8 paid into a Tax-Free Childcare account, families automatically receive an additional government top up of £2.
