Childcare Funding

As part of our continuing growing support to our parents we keep up to date benefits available to all children where applicable. 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

Childcare voucher is a scheme some employers offer to help working parents saveon 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.

Tax Credits (child benefit)

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.

Working Tax Credit

The Working Tax Credit provides extra help to those parents in lower paid work with dependent children if they work at least 16 hours a week. The childcare element of the Working Tax Credit can pay up to 70% of the cost of registered childcare up to a maximum of £135 per week for 1 child and £200 for 2 or more. For any enquiries regarding tax credits, please contact the tax credit help line on 0845 300 3900.

Early Years Education Grant

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 explain how the system works