Increase in Tax Relief for ChildcareComments Off on Increase in Tax Relief for Childcare
Lexington can confirm that from the autumn of 2015, working parents will be offered further childcare tax breaks to subsidise the cost of child care for every child under five. The scheme is expected to be extended to all children under the age of 12 by about 2020. They will be offered a tax-free childcare scheme worth up to £1,200 per child. This will save a typical working family with two children under 12 up to £2,400 a year.