Tax-Free Childcare

You may recall that we posted some information on Tax-Free Childcare before the summer. There is much confusion around which scheme benefits parents most and what changes are happening and when.

We believe that choice is paramount for parents when considering help with childcare costs and that Childcare Voucher schemes should remain available alongside Tax-Free Childcare. This would enable parents to make the choice as to which scheme benefits them most. At the moment Childcare Voucher schemes are only open to new entrants until April 2018 and after this the only option available will be TFC.

If you too believe that both schemes to help parents with childcare costs should remain in place there is a petition available here to give us a voice

https://petition.parliament.uk/petitions/200585?utm_campaign=963837_gov%20response%20to%20petition%20-%20carers&utm_medium=email&utm_source=Motivation%20Account&dm_i=2TJQ,KNP9,5B4F6C,25ZS2,1

Although we cannot help with you which scheme is best for you there are many places where you can get information on how each scheme may affect you. You might find these links useful:

http://www.busybeesbenefits.com/media/1054/tax-free-childcare-savings-table.pdf

http://www.giveyourselfachoice.com/

https://www.gov.uk/childcare-calculator.