FAMILIES in Bradford could save up to £2,000 a year towards their childcare costs to help pay for October half-term holiday clubs and wraparound care during the school terms, reminds HM Revenue and Customs (HMRC).

More than 34,000 families in Yorkshire and the Humber saved money on their childcare costs in June 2022 and HMRC is urging thousands of other families to not miss the chance to save up to £500 every three months, or £1,000 if their child is disabled.

Overall, HMRC paid out £41.6 million in top-up payments, which was shared between more than 391,000 families across the UK in June 2022.

Families can sign up to Tax-Free Childcare to help pay for holiday clubs, before and after-school clubs, childminders and nurseries, and other approved childcare schemes. It is available to families with children up to the age of 11, or 17 if their child has a disability.

The government will pay 20 per cent of childcare costs by topping up the money paid into a Tax-Free Childcare account. This means for every £8 paid into the online account, families will automatically receive an additional £2 in government top-up.

 

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Families can find out more about Tax-Free Childcare via thechildcarechoices.gov.uk