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16 JAN 2018

Tax-free childcare made available to families with children under nine-years-old

Tax-free childcare made available to families with children under nine-years-old
HM Revenue and Customs has opened tax-free childcare to parents whose youngest child is under nine-years-old. The service, which has been available since April 2017, enables working parents to apply for 30 hours free childcare and tax-free childcare – receiving up to £2,000 of support per child per year or £4,000 for disabled children to help with childcare costs. Article continues below...
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The scheme will be open to all remaining eligible families with children under 12 from 14 February 2018, ensuring parents will be able to apply for tax-free childcare before the end of this financial year.

Parents, including the self-employed, can find applications for tax-free childcare, and access the Government’s childcare calculator online at Childcare Choices.

Since its launch the childcare service has had more than 325,000 successful applications and of these, more than 170,000 have a tax-free childcare account.

The Government aims to help more with the cost of childcare for working parents, as well as the tax-free childcare. In 2019/20 it intends to spend approximately £6bn on childcare support  a record amount of support.

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