Free HMRC £500 childcare top-up to help with costs during school summer holidays

Setting up an online Tax-Free Childcare account takes just 20 minutes.

New data published by HM Revenue and Customs shows that approximately 740,000 families used Tax-Free Childcare for 966,000 children during the 2023/24 financial year, including 44,100 households in Scotland. With just a week left to go before the start of the school holidays, families can easily sign up for Tax-Free Childcare and reap the rewards of annual savings of up to £2,000 per child, or £4,000 if their child is disabled.

HMRC estimates it takes just 20 minutes to apply online for a Tax-Free Childcare account that can be used to help pay for a child’s nursery, childminder, breakfast or after school club or holiday activity club. Top Money Stories Today Families can learn more about the childcare offers available to them and what could fit their family by visiting Childcare Choices on GOV.UK here.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily_Record /  🏆 9. in UK

Child Benefits Personal Finance Parenting Children HMRC

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parents may be due free £500 top-up to help with summer childcare costsThere are just a few weeks left to go before schools break up for the summer.
Read more »

Thousands can get £500 free cash payment direct into accounts to help with cost of livingAll the freebies you can get on Universal Credit
Read more »

Family firm threatens UFC Gym with court action over job paymentThey have not been paid more than £500 for a job they cmompleted in March
Read more »

'I found a shop selling a large £1,000 garden set for less than £500'Wowcher has slashed an eight-seater garden furniture set by £500 for a limited time
Read more »

Owners of two million cats given £500 fine warning as new law beginsFrom Monday, all cats in England must be microchipped, or owners face a £500 fine
Read more »

Cost of living payment alert as millions allocated for payments across the UK'In the Spring Budget the Government announced it is providing an additional £500 million'
Read more »