NEWS

Businesses Urged to Inform Staff of Tax Free Childcare

Published:
1
August 2019

Employers are being advised to assist employees with covering the costs of childcare, with the school holidays in full swing.

Parents who earn more than £131 a week and less than £100,000 a year are eligible for tax-free childcare.

The scheme offers up to £2,000 a year towards a child under the age of 12, or £4,000 a year for a disabled child under 17.

Eligible parents need to open an online account, and the Government will add £2 for every £8 saved up to the thresholds.

The scheme can be used to pay more than 58,000 childcare providers in the UK, including childminders, nurseries, and sports camps running this summer.

The Government has urged businesses to help employees sign up for the scheme, which may mean fewer members of staff need time off between July and September.

Statistics released by HMRC earlier this year showed parents have been slow to embrace tax-free childcare.

Despite an estimated 1.5 million families in the UK being eligible for the scheme, only around 125,000 had taken advantage of it by March 2019.

Nahid Khan, editor of HMRC’s employer bulletin, said:

“Some parents are still missing out on the benefits of tax-free childcare and how it can reduce their childcare costs. We would welcome some help from employers in changing that.”

To apply for the scheme, visit: www.childcarechoices.gov.uk

Speak to us about tax-free childcare.

Business news
Finsbury Robinson

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare.

Contact Us

Sign up to our
Monthly Business Newsletter

Sign up to receive our monthly Business Newsletter that will keep you up to date with everything going on in accounting, tax, and finance. 

Finsbury Robinson Services

Sign up to our Monthly Business Newsletter

Find News Articles by Category

© Finsbury Robinson Ltd 2019

Registered Company No.  04749693

News HomeEmployment
Businesses Urged to Inform Staff of Tax Free Childcare
Show/Hide
To get in touch use our Quick Contact Bar:

Monday                 8:30AM – 5:30PM
Tuesday                8:30AM – 5:30PM
Wednesday          8:30AM – 5:30PM
Thursday              8:30AM – 5:30PM
Friday                 9:00AM – 12:30PM
Saturday                                 Closed
Sunday                                   Closed

Finsbury Robinson
237 Westcombe Hill
Blackheath
London
SE3 7DW