Childcare Funding

Where the safety and well being of your child is concerned it is important to select the best child care and education that you are able to afford. In order to help you to calculate this it is useful to be aware of what financial help is available. Outlined briefly below are details of the assistance which may be available to you, the nursery management will be happy to discuss these in more detail.

 

Childcare vouchers is a scheme some employers offer to help working parents save on registered childcare costs. Childcare vouchers are not means tested and are available to all working parents whose employers operate childcare voucher schemes. These schemes can save you National Insurance and income tax as a set weekly amount can be deducted from your salary and used to provide childcare vouchers for the same amount. This amount is deducted from the gross salary and is exempt from National Insurance and Income Tax. Our nursery accepts childcare vouchers.

 

Nine out of 10 families are eligible for some financial assistance through the Child Tax Credit and Working Tax Credit. The amount you receive will depend on your circumstances. Working Tax Credit includes a childcare element to help families who are working and spending money on childcare.

 

The Government introduced the Nursery Education Grant to provide a free early education place for most 3 year olds and all 4 year olds. A grant may therefore be available for your child. The amount available per child changes from year to year depending on government funding. The Nursery Manager will be able to confirm the current amount to you and to explain how the system works.

 

For more information see:

HM Customs & Excise – Child Benefit provides everything you need to know about current child benefit legislation and the process for claiming benefits to which you are entitled.

 

HM Customs & Excise – Childcare has further information about childcare including details of the Governments childcare voucher scheme.