Tax Free Childcare – what you need to know

Tax Free Childcare

Tax Free Childcare is something which all new parents and parents to be should be aware of.

For many working parents, childcare costs can play a large role when planning a return to work, or considering their career options and working hours.

As traditional childcare vouchers have now closed to new entrants, some working parents and parents to be are concerned about how they will afford to juggle their careers and their new or growing families.

We thought it might be useful to remind you that help is at hand with Tax-Free Childcare, a government scheme to help working parents with the cost of childcare.

Eligible parents could get up to £2,000 per child, per year, to spend on qualifying childcare. For parents with 2 children, that could mean a saving of £4,000 on the family budget.

For more information, visit www.childcarechoices.gov.uk/tfc2.

Or of course, you can always contact the IN Team  via the website, email askus@in-accountancy.co.uk or phone 0161 4569666. We always look forward to hearing from you.

Let’s start a conversation 

    Subscribe me for updates and news from In Accountancy

    Related articles

    time to pay arrangement
    Limited Companies

    Time to Pay Arrangements: A Lifeline for Owner-Managed Businesses

    Are You Struggling to Meet Your Tax Obligations?

    More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.

    And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.

    With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.

    Read More »

    Find out how we can help?

    Lectus scelerisque a donec tincidunt litora per eleifend eget ut sagittis conubia pharetra scelerisque dui ultricies duis parturient auctor adipiscing.

     

    Let’s start a conversation 

      Subscribe me for updates and news from In Accountancy

      IN-ACCOUNTANCY

      Search