Tax Free Childcare to be introduced in 2017

Following a judgement by the Supreme Court back in July 2015, we can now expect the new Tax Free Childcare scheme to be launched from early 2017. Further details can be found here.

This scheme is part of the government’s long term plan to support working families. It will be administered via an online system and will provide around 1.8 million families with up to £2,000 of childcare support per year for each child. Eligible families will get 20% of their annual childcare costs paid by the government. To qualify both parents will need to be working.