Tuesday, 25 March 2014

Nick Clegg's Tax-Fee Childcare Commitment

This week Nick Clegg announced a new childcare package to help millions of parents with the cost of living and give children the best start in life.

The new tax-free childcare scheme, announced last year by the Liberal Democrats, will be worth up to £2,000 per child and the scheme will be brought forward to Autumn 2015.

This means working parents, earning at least £50 per week will get 20% off the cost of childcare up to a limit of £10,000 for every child under the age of 12.

Those working part-time, who are on maternity leave, or starting up their own business will also be eligible for support with their childcare costs.