Budget 2013: Govt confirms new tax-free childcare scheme
The plans, set out yesterday, were confirmed by Chancellor George Osborne during today’s Budget statement.
From autumn 2015, parents will be permitted to claim back up to £1,200 per child – or 20% of the £6,000 it is estimated it costs per year on average for a childcare place.
The scheme will be available to parents who both work but earn less than £150,000 a year each. Couples who both earn £149,999 each will be eligible.
The new childcare scheme will initially cover children up to five years old but will later include all children under 12.