You may be eligible for a new government scheme that’ll cover 20% of your childcare costs (up to £2,000 per child per year) for children up to the age of 12. It’s also available for children with disabilities up to the age of 17.
This scheme will come into effect from 2017.
If you’re working full-time and earning under £150,000 you can apply for the scheme, even if you’re self-employed. You’re also able to claim even if you’re on paid sick leave, and paid or unpaid maternity/paternity/adoption leave.
how do I apply?
Simply open an online account on www.gov.uk and pay in your childcare costs to a registered provider. The government will top up your account by 20% of whatever you pay in, up to the maximum of £2,000 per child per year.
what if my circumstances change?
HMRC will re-confirm your circumstances every three months online, and when they do change, your details will be updated. You’ll be able to withdraw any surplus funds, though only the funds you’ve put in.
do I need to put money in all the time?
Not at all. You can build up the balance during a specific period, such as during school holidays, as the scheme is designed to as flexible as possible.
If you have any questions, please feel free to get in touch today on 01782 279615 or contact us here.