(Information provided by Nannytax)
Either parent must earn under £100k/annum
To be eligible, you must:
- Have a child living with you.
- Have a child under 12, or under 17 if disabled.
- Be in paid work (both parents/carers or the single parent). Working includes both employed or self-employed with an expected income of at least £115 a week on average.
- Earn less than £100K (either parent/carer).
- Not be receiving other government support towards the cost of childcare (i.e. Childcare Vouchers, Tax Credits, Universal Credit, Student Bursary, etc)
Parents with children under 4 can apply now
- Tax-Free Childcare (TFC) is now open to families with children aged under six or who turned six on or before 24 November and all disabled children. Click here to sign-up.
- If your child(ren) are older you can sign up to receive an email when Tax-Free Childcare becomes available to you. Click here to sign-up.
Tax-Free Childcare can save up to £2K per child
- You will be able to open an online childcare account for each of your children.
- For every £8 you pay into your childcare account, the government will automatically pay in an extra £2.
- You can get up to £500 per child every three months (£2K per year) towards your childcare costs.
- You can use this money to pay your nanny.
It is managed via an online platform
- Parents/carers manage Tax Free Childcare via an online childcare account.
- The online childcare account will allow parents/carers to open an account, find their childcare provider via a search and set-up payments to their childcare provider.
- Click here to sign in or sign up
Tax-Free Childcare for Nannies
- Your nanny must be registered with a regulator (i.e. Ofsted) in order for you use Tax-Free Childcare.
- As a nanny employer, you will be able to send payments directly from your online childcare account into your nanny’s bank account, provided that your nanny is signed up to the system.
Information provided by Nannytax.