Martin Lewis is urging 800,000 working families across the country not to miss out on a tax-free childcare boost worth up to £2,000 each year. During a special post-Budget edition of The Martin Lewis Money Show Live, the consumer champion explained the tricky details of the newly announced changes to childcare in England only.
However, he also reminded STV viewers that Tax-Free Childcare is available from HM Revenue and Customs (HMRC) for parents and could help cover the costs of before and after-school clubs, childminders and nurseries, and other approved childcare schemes.
Martin highlighted how the scheme provides eligible working families with up to £2,000 every year, or £4,000 if their child is disabled. For every 80p deposited into a Tax-Free Childcare online account, families will receive an additional 20p in UK Government top-ups, and it is available for children aged up to 11, or 17 if the child has a disability.
