What is Tax-Free Childcare?
Recently, the government launched a new scheme called Tax-Free Childcare, or TFC for short. Currently it's being rolled out to parents whose children were under 4 years old on 31 August 2017, but it's being launched to parents of older children soon.
In a nutshell, through TFC the government will pay £2 for every £8 parents pay for childcare. This is capped at £2,000 a year. While some parents will be better off with TFC, we believe that most will save more money with childcare vouchers.
Childcare voucher schemes, like the one we offer, will only stay open to new entrants until April 2018. After that time, TFC will be the only option. So, if you're a parent, it's important to find out which scheme works best for you; and if you'd be better off with childcare vouchers, you'll need to sign up before the deadline.
We’re here to help you understand the differences between TFC and childcare vouchers. If you’re a parent we want to help you make the right choice for your family; and if you’re an employer or carer we want to help you to give the right advice.
You should also check out the Government Childcare Choices website and Check what help you could get with childcare costs calculator for a more personal illustration.
Does your employer offer childcare vouchers from Computershare? Sign up today and give yourself a choice.Sign up