What Are Child Tax Credits?
While it’s commonly known as Childcare Tax Credit, the actual benefit is technically known as the Childcare Element of Working Tax Credit. Unfortunately the entitlement system and eligibility criteria are ridiculously complex, but having looked it over, I’ve developed this simple rule of thumb… If you pay for childcare & are a couple both working 16+ hours a week, or a single parent doing the same, and earn under £40,000 in total, check it out. The average pay out for those eligible is about £68 a week, so well worth a look to see if you are one of those families. You may still be entitled to cash even if you earn more than £40,000, but the big money comes for those earning less than that. For more details on Childcare Tax Credit visit the Childcare costs link in the useful links section. Can you get Childcare Vouchers? Childcare vouchers are part of a little known government scheme, which can save many parents with kids aged up to 15, over £1,000 a year on childcare. It needs to be
