Parents failing to claim childcare savings
Research carried out by Childcare Choice has revealed that millions of parents are not claiming financial help which could help them save up to £1,195 a year.
Only two out of every hundred working parents have signed up for their entitlement of childcare vouchers because the majority say they don’t have the time to apply.
If both parents are working, the entitlement could be as much as £2,400 a year – the equivalent of a two-week holiday to the Canary Islands.
Iain McMath, managing director of Childcare Choice, said: “It takes just fifteen minutes to apply for childcare vouchers online – time well spent when you could be saving a significant amount of money.
“With most working parents unaware of the savings available, it’s no wonder they don’t make the time to sign up to the scheme. Childcare vouchers don’t cost anything for employers or employees to set-up and, using our website, it couldn’t be easier to apply.”