HMRC reminding Lanarkshire families to open Tax-Free Childcare account today to save up to £2000 per child

dailyrecord.co.uk:

Now the new school term has started, HM Revenue and Customs (HMRC) is reminding Lanarkshire families to open a Tax-Free Childcare account today to save up to £2000 per child on their yearly childcare bills.Families can use their Tax-Free Childcare account to pay for any approved childcare including holiday clubs, breakfast and after school clubs, child minders and nurseries.The scheme provides working families, with children up to the age of 11, or 16 if their child has a disability, up to £2000 a year per child or £4000 a year if their child is disabled.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android For every £8 paid into a Tax-Free Childcare account, families automatically receive the UK Government top up of £2.Lanarkshire families can save up to £500 every three months for each child or £1000 if their child is disabled.Myrtle Lloyd, HMRC’s director general for customer services, told Lanarkshire Live: "Arranging childcare can be costly for working families. "Tax-Free Childcare offers financial help so families can save on the cost of childcare.

Search Tax-Free Childcare on GOV.UK and sign up online today.” Opening a Tax-Free Childcare account online is straightforward and can be done in about 20 minutes.Money can be deposited at any time, 365 days a year, to be used straight away or left in the account and