Tax Free Scheme
Under the new scheme rolling out in September 2017, eligible families will get 20% of their annual childcare costs paid for by the Government. The way it works is that for every 80p you pay into a newly-created Childcare Account, the Government will contribute 20p. This could mean up to £2,000 per child (the scheme assumes a maximum of £10,000 per year childcare costs per child – if you pay more, you won’t get more help).
The new scheme will be open to single parents/couples who work eight or more hours a week, including self-employed, and who pay for Ofsted-registered childcare for a child under the age of 12, or under 17 if the child is disabled. It will also be open to all qualifying parents, unlike childcare vouchers which can only be bought by people whose employer offers the scheme. Enrolment into this new scheme has yet to be announced. Further information can be found here.
Increase to Free Funded Hours (EYFE)
The nursery has been authorised to offer the Early Years Free Entitlement since the scheme started and we have confirmed our intention to Brighton and Hove LEA to offer the 30 hour scheme when it becomes available.
As announced in the Autumn statement of 2015, the Government has committed to double free childcare to 30 hours a week for 3 and 4 year olds as from September 2017. Parents and carers will need to meet the eligibility criteria for the offer – that is, all parents in the household working the equivalent of 16 hours a week at the national minimum or living wage up to a maximum salary of £100,000 a year per individual.
Parents do not necessarily need to actually work 16 hours a week, but their earnings must reflect at least 16 hours of work at National Minimum Wage or National Living Wage; this includes those on zero-hour contracts who meet the criteria. This scheme is different to the current free childcare scheme which is open to everyone.
The current 15 hour per week offer will still be open to parents and carers regardless of income, it’s just the extra 15 hours which have to meet the criteria.
Please click here for more information.