Satwinder Hayre
Mar 2026
★★★★★
Great company to deal with
Feedback highlights accommodating support, clear availability, and helpful service when schedules were busy.
Tax-Free Childcare scheme supports UK parents
HMRC has released a reminder to parents about the Tax-Free Childcare (TFC) scheme intended to help pay for February half-term holiday clubs and wraparound care during school terms.
The TFC scheme provides an account which parents can pay into regularly to later use to pay registered childcare providers. For every £8 contributed by parents an additional £2 top up payment will be funded by the Government up to a maximum total of £10,000 per child per year.
This will give parents an annual savings of up to £2,000 per child (and up to £4,000 for disabled children until the age of 17) in childcare costs.
Require accounting services?
Get in touch with our expert accountants today! Contact us via WhatsApp for personalized financial solutions.
Who is eligible for the scheme?
The TFC scheme is open to all parents with children aged up to 11 (17 for those with certain disabilities), including those who are self-employed or on minimum wage. In order to be eligible, parents will have to be in work at least 16 hours per week. If either parent earns more than £100,000 neither parent can use the scheme.
Need Assistance from an Accountant?
We’d be more than happy to help you with your accounting needs in London, or anywhere else in the UK!
Reach out to us by completing this form and one of our staff members will get in touch within one business day.
