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Liverpool Echo
Liverpool Echo
World
Kate Lally

Martin Lewis fan 'furious' after saving almost £2,000

A Martin Lewis fan has said he is "furious" after only just finding out about a way to save almost £2,000.

Money Saving Expert founder Mr Lewis is known for his financial suggestions for people who are struggling or in need of guidance. As the cost of living worsens, recent events have left even him at a loss at how to help people.

However, he was able to help one fan, and likely thousands more, with a recent tip.

READ MORE: Martin Lewis halts Money Show Live before sharing energy bills boost for millions

After the man got in touch on Wednesday, Mr Lewis shared his tweet. The man, Paul, tweeted: "I’m a few weeks late, but thank you so much for alerting me to Tax Free Childcare for our nursery fees, worth almost £2k in savings.

"I’m furious though that neither I, or any of the many other new parents I now know had ever heard of it till you mentioned it."

Martin shared the tip on his Money Show Live on ITV some weeks ago. At the time he said: "It's likely the worst investment you'll ever make. They cost £100,000s, rarely give back or say thank you, and once you do it, you'll need to keep shelling out again and again, and again... children!"

He went on to say around 800,000 people are missing out on thousands of pounds in financial help towards childcare, adding: "We want people in our economy to be able to go out to work and have our children looked after.

"I'm talking Ofsted-regulated, or the equivalent to Ofsted, childminders, nurseries, afterschool clubs and holiday clubs. Many people think they don't count, they do."

Households with an income of up to £100,000 may be entitled to Tax-Free Childcare. For every 80p you put in the scheme, the state adds 20p, up to a max £2,000 per child per year for up to 11-year-old (or 16 if they have disabilities).

You can find out more about what childcare help you may be entitled to here

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