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You are likely to be better off with Tax-Free Childcare.
However in the 2015 Autumn statement, the Government announced you must work for more than 16 hours a week to be eligible for the Tax-Free Childcare scheme.
In Scotland only, a childcare provider registered by the Scottish Commission for the Regulation of Care.
Other care providers a domiciliary worker or nurse from an agency registered under the Domiciliary Care Agencies Regulations 2002 providing childcare in the childs home.Childcare Vouchers are available to all working parents in the.To sign up for Childcare Vouchers or find out more from our team, get in touch here or Freephone.However, you are only able to take up to 4,399 per year in Childcare Vouchers, compared to 8,000 per year per child with Tax-Free Childcare.A foster parent in relation to a child other than one whom the foster parent is fostering only in those cases where due to the age of the child the care provided does not fall within the first and third bullet points in this section.This will include persons on the following registers operated by Ofsted: The Early Years Register, the general Childcare Register compulsory part.Those childcare providers will in turn redeem the vouchers through either the employer, or the voucher company.While both parents must be working to participate in the scheme, parents temporarily absent from the workplace such as those on paid or unpaid maternity, paternity or adoption leave will still be eligible.Household circumstances single parent, employedSingle parent, self-employed parentSingle parent, not in workCouple, both parents employedCouple, one parent employed, one parent self-employedCouple, one parent employed, one parent out of workCouple, one parent self-employed, one parent out of workCouple, both parents self-employedCouple, both parents out of work.If your earnings are more than the higher or additional rate thresholds then the amount you can get free of tax and NICs is reduced up to 28 per week, 124 a month paypal discounts july 2015 for higher rate earners and 22 per week, 97 a month for.However, during the overlap, if you already claim childcare vouchers from your employer, while you will be able to switch to the new tax-free childcare scheme, you won't be able to take advantage of both.Groups such as self-employed people and workers whose companies dont offer the vouchers, who dont benefit from the existing scheme but would be able to use the new scheme, might be unaware of Sodexos website and calculator.Its usually taken as 15 hours a week for 38 weeks of the year.Childcare Vouchers can be used to pay for all types of childcare as long as it is registered or approved by the registering body for the region.For more information visit HM Revenue and Customs website and also the Daycare Trust.Paying for childcare: You can choose a provider of your choice as long as they are registered.Tax-Free Childcare gives you a 20 rebate on any money paid into an account per child.With the current Childcare Voucher Scheme you can only take up 2,915 per year in Childcare Vouchers, compared to 8,000 per year, per child, with Tax-Free Childcare.
It will arrive early next year but what does it mean for your family?
Your earnings above National Minimum WageBelow National Minimum Wage or Not in paid work.