Thousands of families across the country will see their childcare costs reduced from today under new subsidy rates, with parents set to save thousands each year.
Under the scheme, parents could save up to €175 a month, and those who are already receiving a subsidy for their childcare fees will also see it increase from 90c per hour to €1.40 per hour. Minister For Children Roderic O'Gorman told RTE's Morning Ireland that the increase will see the average cost of childcare being cut by 25 per cent, which could see parents save as much as €1,200 per year.
The move was first announced as part of The Budget to help parents amid the cost of living crisis. The changes came into effect yesterday and apply to families who have children aged over six months. Here's everything you need to know about the changes and how much money parents can save off childcare fees.
