Parents are being urged to check whether they could be eligible for funding towards their childcare costs. More than 401,300 families collectively benefited from £44.4 million in government funding towards childcare costs in September 2022, HM Revenue and Customs (HMRC) said.
But it added that thousands of families are still missing out on the Tax-Free Childcare top-up. Tax-Free Childcare provides working families, earning up to £100,000 a year, with financial help towards childcare.
For every £8 paid into a Tax-Free Childcare online account, families automatically receive an additional £2 from the government. They can receive up to £500 every three months (adding up to £2,000 a year), or £1,000 (£4,000 a year) if their child has disabilities.
