More than 9,240 families in Northern Ireland saved money on their childcare costs in June 2022 through the scheme.
Thousands of families in Northern Ireland are being urged to not miss out on the chance to save up to £2,000 per year on childcare costs.
Overall, HMRC paid out £41.6 million in top-up payments, which was shared between more than 391,000 families across the UK in June 2022. The government will pay 20% of childcare costs by topping up the money paid into a Tax-Free Childcare account. This means for every £8 paid into the online account, families will automatically receive an additional £2 in government top-up.
For thousands of families who use Tax-Free Childcare, the money they save each month on their childcare costs is money that goes back into their pockets. Accounts can be opened at any time of the year and can be used straight away, money can be deposited at any time and used when needed. Any unused money that is deposited can be simply withdrawn at any time.
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