Budget 2013 - Help with child care costs
The Government’s commitment to providing help with childcare costs is a welcome boost for working families, albeit the assistance is being phased in from autumn 2015. The relief will initially help families with children under age 5 and will be extended over time to include children under 12.
To be eligible for the relief, both parents must work with each earning below £150,000 and not be receiving tax credits or the universal credit.
The current proposal, which is subject to consultation, is that the government will pay 20% child care costs up to £6,000 ie £1,200 per child.
Date: 20th March, 2013
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