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The scheme launches on 28 April, but parents can start applying now (Image: Getty).
Work at least 16 hours a week, being paid lottery instant win games ohio the National Living Wage or higher - this means both of you if you're in grhs essay contest a couple.Under the new tax-free childcare scheme, parents will have 20pc of their childcare costs each year met by the government, up to a limit of 2,000 a year per child.However your employer will need to offer the scheme and you must already have a child to start claiming.You can save more than 8,000 in each account but any extra will not earn a top-up.Tax-Free Childcare scheme, as well as those that want to sign up to the new 30 hours' free childcare service, which launches later this year.Even at such tax rebate for teachers 2017 18 a late stage, we still dont know the exact details of how the Tax-Free Childcare system will work, partly thanks to poor messaging from the government and also due to the change in Chancellor.In total, youll be able to pay for childcare of up to 10,000 per child per year, so you could get up to 2,000 per year (or 4,000 if your child is disabled) every year.
How will this affect BookingLive customers?
To be eligible for Tax-Free Childcare, you will need to: Have one or more child aged under 12 when the scheme starts in 2017.Childcare vouchers are a Government scheme designed to help parents afford high quality childcare.However, we do know that for every 80p you put in, the state will add 20p, effectively giving you a basic-rate tax back on what you pay.If you spend large sums on childcare the new system is also likely to be better, as you can get up to 2,000 a year per child, whereas under the voucher system the maximum you can save per parent is 930 a year.The new scheme will be rolled out in early 2017, starting with the parents of the youngest children, and available to all eligible parents by the end of 2017.How can I get involved?Your application will then be reviewed, and if successful, you'll be able to open an online account - provided by.You will also need UCL's scheme reference number which is S910484a.
Parents can take their code to their provider or council, along with their National Insurance Number and childs date of birth.