How does Tax-Free Childcare work? Save 20% on nursery costs | daynurseries.co.uk Advice

What is Tax-Free Childcare? How does Tax-Free Childcare work? These questions and more are answered in this quick guide to the ins and outs of Tax-Free Childcare. The scheme lets you save 20% on childcare costs, such as day nursery and childminder fees, up to a limit. For every £8 you pay into your Tax-Free Childcare account, the government adds another £2, up to £2,000 per child per year. In this video: 0:00 - Intro 0:28 - What is Tax-Fee Childcare? 0:41 - How does Tax-Free Childcare work? 01:42 - Who qualifies for Tax-Free Childcare? 02:26 - How to apply Read more: https://bit.ly/3877nz6 For more information on how you can get help with childcare costs in the UK, such as government-funded hours, visit https://www.daynurseries.co.uk/advice - Music: Bensound - Inspire