Tax-free childcare to be increased to £2000 per child
A major new childcare package to help millions of parents with the cost of living and give children the best possible start in life was unveiled by Nick Clegg today.
The new tax-free childcare scheme, announced by the Liberal Democrats last year, will be increased from £1,200 to £2,000 per child and the scheme will be brought forward to Autumn 2015.
This means that working parents earning at least £50 per week, will get 20% off the cost of childcare up to a limit of £10,000 for every child under the age of 12.
Those working part-time, on maternity leave or starting their own business will also be eligible for support with their childcare costs.