{"id":11119,"date":"2013-12-11T14:07:18","date_gmt":"2013-12-11T14:07:18","guid":{"rendered":"http:\/\/tat.reddaisytrading.co.uk\/index.php\/2013\/12\/11\/tax-credits-and-other-help-with-childcare-costs\/"},"modified":"2013-12-11T14:07:18","modified_gmt":"2013-12-11T14:07:18","slug":"tax-credits-and-other-help-with-childcare-costs","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2013\/12\/11\/tax-credits-and-other-help-with-childcare-costs\/","title":{"rendered":"Tax credits and other help with childcare costs"},"content":{"rendered":"
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You could get extra tax credits to help with the cost of childcare<\/h3>\n
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Thinking about going back to work after having a baby? You could get extra tax credits to help with the cost of childcare. There\u2019s also help available if you\u2019re a single parent on benefits, or a student returning to your studies. <\/p>\n

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Tax credits <\/h2>\n

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Did you know? <\/h3>\n

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The average tax credit payout for childcare is more than \u00a360 per week. <\/p>\n

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Source: MoneySavingExpert<\/strong><\/p>\n

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It\u2019s often said that the cost of childcare puts parents off returning to work. It\u2019s true that childcare isn\u2019t cheap. However, the childcare element of Working Tax Credit is designed to help cover some of the cost, so if you are eligible you\u2019ll still normally gain by working. <\/p>\n

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It can be worth up to \u00a3122.50 a week (or \u00a3210 if you have more than one child). And you could be eligible whether you\u2019re employed or self-employed. <\/p>\n

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Do you qualify for extra tax credits? <\/h3>\n

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In most cases you have to work for 16 hours a week to qualify, and you must use registered or approved childcare. This can include childminders, playgroups, nurseries or someone who looks after a child in your home. <\/p>\n

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To find out what is classed as registered or approved childcare for tax credits, see the Gov.uk website<\/a><\/p>\n

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How much help can you get? <\/h3>\n

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You can get help with up to 70% of your childcare costs, based on a maximum of \u00a3175 a week for one child or \u00a3300 a week if you have two or more children. <\/p>\n

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That works out as: <\/p>\n

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