Thousands of parents can claim £500 childcare boost this summer holiday – how to get it
PARENTS are being urged to claim a £500 tax-free boost to help cover childcare costs over the summer holidays.
Around 1.3million families could be eligible for support - but many don't know they can get it.
With the school term coming to an end and the cost of living on the constant rise, families will be needing a helping hand more than ever.
Tax-free childcare gives families up to and can be used for holiday clubs, before and after school clubs, childminders and nurseries.
And over a year the cash adds up to £2,000 for each child.
You could get up to £1,000 if your child is disabled over the school break, or £4,000 a year in total.
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You can get the cash through a scheme known as tax-free childcare.
For every £8 you put into a tax-free childcare online account, you will get an extra £2 topped up by the government.
It's available for kids up to the age of 11, or 17 for disabled children.
You can use it during the summer holidays to help with meals, clothing or anything else you're struggling to afford for your child.
Am I eligible for tax-free childcare?
You'll have to check carefully - there are a lot of rules which decide whether you get tax-free child support.
It depends on if you're working, how much you earn, your child's age and your immigration status.
You can usually get tax-free childcare if you or your partner are:
- in work
- on sick leave or annual leave
- on shared parental, maternity, paternity or adoption leave
But you might still be eligible even if you're not working, as long as your partner is.
You'll need to prove you're earning a low enough income. That at least will include earning the National Minimum Wage or Living Wage for 16 hours a week on average.
If you’re self-employed and do not expect to make enough profit in the next three months, you can use an average of how much you expect to make over the current tax year.
Before you apply, you should bear in mind that you can't get tax-free childcare at the same time as claiming working tax credit, child tax credit, Universal Credit or childcare vouchers.
If you already claim one of these benefits you should work out which scheme is best for you.
What other help can I get with childcare?
If you're not eligible for tax-free childcare, it's not the end of the world.
There are plenty of other types of support you could be eligible for.
And with the average nursery place now costing an eye-watering £7,000 a year, you might need all the help you can get.
If your child is three or four years old, you could still be eligible for 30 hours' free help from an approved provider every term time week funded by the government.
You could also claim Universal Credit or Working Tax Credit to provide extra support for your family.
This earns you extra money from the government to pay for childcare.
To qualify for Working Tax Credit, you and your partner will have to work at least 16 hours a week.
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Struggling families can also apply for free cash to help with bills, supermarket shops and more using the Household Support Fund.
Plus, here are some ways to earn cash if you don't qualify for Universal Credit.
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