Use Tax-Free Childcare over the summer holidays

The Government is reminding 'stressed out parents' that help may be available for childcare costs during the summer holidays.

The Government is reminding ‘stressed out parents’ that help may be available for childcare costs during the summer holidays. According to a YouGov poll, 31% of parents feel stressed trying to arrange childcare for the school holidays.

The poll, for HMRC, also found that around 30% of parents worried about balancing their job and school holiday childcare. With 54% admitting they look forward to their children returning to school in September.

HMRC is reminding working parents with summer childcare costs, that they can use Tax-Free Childcare (TFC), which is worth up to £2,000 per child per year, to pay for regulated holiday clubs during the school holidays. Parents are advised that it is possible to pay into their account regularly and ‘save up’ their TFC allowance and use it for childcare during school holidays.

Internet link: GOV.UK news

Jacksons, Ash Tree Court, Mellors Way, Nottingham Business Park, Nottingham NG8 6PY
Jacksons, Potterdyke House, 31-33 Lombard Street, Newark, Nottinghamshire NG24 1XG

© 2024 Jacksons. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Registered as Auditors and regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants
Jacksons Business Services Limited Registered in England Company Number 4581754

ACCA Sage One Certified Adviser Sage Accountant Partner quickbooks-logo.png xero.png apple.png googleplay.png windows.png