Richard Curtis suggests that parents should check whether they and their children are eligible for tax-free childcare.
In May, HM Revenue and Customs (HMRC) reminded parents of the savings they can make on childcare costs when a child starts primary school for the first time.
The government’s tax-free childcare scheme allows eligible persons to pay money into a designated National Savings & Investments (NS&I) account in respect of an eligible child. HMRC then tops up the account by paying an additional 25% into it. For example, if a parent pays £800 into the account, HMRC would add £200.
Are you eligible to claim?
A family could be eligible for tax-free childcare if they satisfy the following main conditions:
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They have a child or children aged 11 or under. Eligibility ceases on 1 September
