Employers: Government help with childcare costs for employees
As childcare vouchers have closed to new entrants, there still may be help at hand for employers with Tax-Free Childcare, a government scheme to help working parents with the cost of childcare.
Eligible parents could get up to £2,000 per child, per year, to spend on qualifying childcare. For parents with 2 children, that could mean a saving of £4,000 on the family budget.
You don’t need to do anything, but telling your employees about Tax-Free Childcare could:
• help them with their childcare costs
• help their return to work
• help them work more hours, if they want to
• help you retain staff you’ve invested in.
For more information, tell your employees to visit www.childcarechoices.gov.uk/tfc2.