HM Revenue & Customs (HMRC) is urging working families to register for Tax-Free Childcare on Playday (5 August) to reduce childcare costs. The scheme allows eligible families to save up to £100 monthly, with contributions of £2 for every £8 deposited into an account. Parents can receive up to £2,000 annually per child (or £4,000 for disabled children aged up to 16). Eligibility requires children under 11 (or 16 for disabled children), parental earnings meeting the National Minimum Wage, and exclusion from Universal Credit or childcare vouchers. The program can be combined with government-funded childcare hours. Over 75,000 providers accept Tax-Free Childcare payments. Recent data shows a 20% rise in families using the scheme for children aged 8 and above. Families can access the scheme via GOV.UK.
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