Child Tax Credit
Child Tax Credit is paid into the bank account of the main person in your family who is responsible for looking after the children. Child Tax Credit is available to families with an income up to £58,000 whether or not they are working.
Working Tax Credit
Help is available for parents who work, through the Working Tax Credit, part of which helps with the costs of registered childcare.
If you would like more information on either Child Tax Credit or Working Tax Credit please contact the Inland Revenue helpline 0845 300 3900 or online at:
www.inlandrevenue.gov.uk/taxcredits
Funding for three and four year olds
The Nursery Education grant is available to claim at Little Learners Pre-School during term time. All children are eligible in the School term following their 3rd birthday.
Childcare Vouchers
Employers can offer their employees childcare vouchers worth £243 per month, free of tax and National Insurance contributions.
Operated through a salary sacrifice scheme, the employer will also save National Insurance contributions currently at 12.80% of the vouchers provided.
This initiative presents employers with a superb opportunity to help their employees meet the costs of childcare, whilst at the same time enjoying significant savings themselves.