Working families with children up to the age of 11 can save up to £500 on childcare costs every three months.
HM Revenue and Customs is reminding working families to give their childcare budget a treat this Halloween by opening a Tax-Free Childcare account. Parents can use Tax-Free Childcare to help with childcare costs for school holiday clubs, breakfast or after school clubs, childminders or nurseries.
Using the tax-free top up, families can save up to £500 every three months for each child or £1,000 if their child is disabled. Opening a Tax-Free Childcare account is quick and easy and can be done at any time of the year. HMRC is urging families who have not yet signed up to check their eligibility and apply online today. It takes around 20 minutes to open an account on GOV.UK and money can be deposited at any time.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “Families need plenty of childcare options when the weather turns cold and wet and days get shorter. We would urge parents to ensure they’re taking advantage of all opportunities available - whether it’s sending their child to a wraparound school club or a holiday club during the half term break.
Eligible working families can register for a Tax-Free Childcare account today by registering on GOV.UK here.
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