According to the latest statistics, Tax-Free Childcare has saved 649,935 families on childcare costs during the 2022 to 2023 tax year; an increase of more than 137,500 from the previous year.
HMRC is reminding eligible working families of the financial support available to pay for approved childcare including holiday clubs, breakfast and after school clubs, child minders and nurseries. Last year, £533 million in government cash was shared by families across the UK who saved money on their childcare bills.
HMRC has created a video on YouTube to explain some of the biggest myths around eligibility for Tax-Free Childcare: https://youtu.be/Q4AEPGtSanI