Tax-Free Childcare can ease the cost of the return to school, says HMRC

Families may be eligible for Tax-Free Childcare (TFC) to help pay for breakfast clubs and after school clubs as their children go back to school, HMRC has said.

06 Sep 2021

Families may be eligible for Tax-Free Childcare (TFC) to help pay for breakfast clubs and after school clubs as their children go back to school, HMRC has said.

Eligible families can save money on their childcare and benefit from a government top-up worth up to £2,000 every year, or up to £4,000 a year if a child is disabled.

In June 2021, almost 308,000 families across the UK benefited from making use of TFC, but HMRC says thousands are still missing out on the opportunity.

TFC is available to parents or carers who have children aged up to 11, or 17 if their child is disabled. For every £8 a parent or carer deposits into their account, they will receive a £2 top-up, up to the value of £500 every three months, or £1,000 if their child is disabled.

The 20% top-up is paid into the TFC account and is ready to use almost instantly, meaning parents and carers can use the money towards the cost of childminders, breakfast clubs and after school clubs and approved play schemes.

Myrtle Lloyd, HMRC's Director General for Customer Services, said: 'As your children head back to school this autumn, don't miss out on the opportunity to receive your 20% top-up to help pay for their childcare.

'It is quick and easy to sign up, just search 'Tax-Free Childcare' on GOV.UK.'

Free Consultation

Get in touch with us today for a fresh perspective and a free consultation.

Connected Accounting

Providing simple to understand accounting services for private and business clients with a hands-on approach. Building strong long-lasting relationships that you can trust.

Connected Accounting Limited | Registered Number: 09617704 | Registered Office: St Albans office

St Albans

Contact Details

London Office:
Connected Accounting, 107-111 Fleet Street, Blackfriars, London EC4A 2AB
St Albans Office:
Connected Accounting, Fountain Court, 2 Victoria Square, Victoria Street, St Albans AL1 3TF .

Call us: 01727 537 160

2021 WFA Winners

Reviews and Ratings for Accountant Samuel Troy, Tonbridge
Home | Our Pricing | Resources | Contact us | Accessibility | Disclaimer | Privacy | Help | Site map | © 2021 Connected Accounting. All rights reserved. We use cookies on this website, you can find more information about cookies here.