Martin Lewis has explained how parents could save thousands of pounds on childcare costs.
On The Martin Lewis Money Show Live on ITV, the financial guru spoke about the Tax-Free Childcare scheme. He first said the name of this Government scheme can be misleading as it isn't actually about tax, it is just called tax-free childcare.
Martin added: "It only applies if you work and you earn the equivalent of 16 hours a week at national minimum wage and that can vary depending on your age." He also warned that about 800,000 people were missing out on this benefit and it was "worth checking" to see if they could claim it.
