In a climate of rising interest rates and rising inflation, every penny is likely to count. For working parents, help with their childcare costs is welcome. The tax-free childcare system can provide up to £2,000 a year tax-free. Tax-Free Childcare The Government’s tax-free childcare scheme allows working parents to open an online childcare account […]
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When the time comes for the school to approach the Summer holidays, HMRC tends to give a refresher to the parents and the guardians to join the holiday club where they can avail tax-free childcare. This means when the parents join the holiday club school for their kids, they will not pay any kind of
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Childcare costs can be very expensive and any help is welcomed, particularly where you can benefit from that help tax-free. There are various routes by which this is possible. Government Tax-free Top-up Scheme Under the Government scheme, you can open an online account and deposit money which is used to pay for your childcare.
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Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for employer-supported childcare and vouchers to a Government top-up scheme. Government Scheme The Government operates a tax-free childcare scheme whereby parents deposit money into an account that can be used to
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