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Tax-Free Childcare

Majority of parents want to keep access to Childcare Vouchers

Ninety-eight per cent of parents would like access to Childcare Vouchers to continue alongside the government’s Tax-Free Childcare scheme, according to a survey by the Childcare Voucher Providers Association (CVPA). Over half of the 17,000 respondents (50.5 per cent), did not feel well informed about TFC, which went live in April 2017. A further 13 per cent had never even heard of the scheme. Of those who have decided to sign up to TFC, 32 per cent found the process confusing and a further 11...

Tax-Free Childcare Update

Following the Government’s Budget 2016 announcement on the 16 th March, there are some further developments regarding Childcare Voucher schemes and Tax-Free Childcare. Tax-Free Childcare (TFC) is scheduled to roll out from ‘early 2017’. This will be gradually rolled out starting with families with younger children and extended to all eligible families with children under 12 by the end of 2017. The good news is that to facilitate the phased introduction, the existing Childcare Vouchers scheme...

What is ‘Tax-Free Childcare’ ?

From 2017, the existing Childcare Vouchers (CCV) scheme will be closed to new joiners. Anyone who is already getting the vouchers can remain on the scheme indefinitely, until they change job, no longer have qualifying children, stop getting vouchers for more than a year or start getting the new Government Tax-Free Childcare (TFC) scheme. Some people will not be eligible for the new scheme, some will lose out and some people will benefit. The best advice for any parents is to start getting CCV...

Changes in 3-4 year old funding may impact other childcare finance options

Childcare funding has been top of the political agenda again, with the new Conservative Government announcing their intention to extend the 15 free hours for 3-4 year olds to 30 hours.  This was confirmed in the recent summer budget to be starting from September 2017. So what does this mean in practice and how does it impact other childcare funding decisions? Firstly it’s a shift in perception of the 3-4 year old places. The original intention was based on the assertion that children who atte...

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