Getting Help with Childcare Costs
You can get up to £500 every 3 months, up to £2,000 a year, for each child to help with the costs of childcare. This goes up to £1,000 every 3 months if a child is disabled, maximum £4000 per year.
If you get Tax-Free Childcare, you will set up an online childcare account for your child. For every £8 you pay into this account, the government will pay in £2 to use to pay your nursery fees.
You can get Tax-Free Childcare at the same time as 30 hours free childcare if you’re eligible for both.
You can claim the childcare element of Working Tax Credit if you are a single parent and you are working at least 16 hours per week. This also applies if you are part of a couple and you are both working at least 16 hours per week.
For more information on how to qualify and apply for the governments 30 hours, and tax free childcare, and 2 year funding please click on the links below.
3 and 4 year funding
The 30 hour funding and tax-free childcare are government schemes to help parents with the cost of childcare. To qualify parents must be working and each earning at least £120 per week (on average) and not more than £100,000 per year
Tax-Free Childcare can be used alongside the 15 and 30 hour funding, but this cannot be used at the same time as receiving universal credit childcare vouchers or tax credit.
Funding can be used 38 weeks (term time) or 51 weeks (stretched over the year). If attending for more than the funded time or uses the nurseries additional services, supplementary costs will be applied depending on the session attended, this will not exceed the fee for the session.
30 Hours Funding (Extended)
Extended entitlement for 3 and 4 year olds, supporting parents back to work or to work more hours. You can claim an additional 570 hours funding a year a total of 1140 hours which can be taken as 30 hours per week term time or 22 hours stretched across the year.
Two Year Funding
In order to qualify for 2 Year Old Funding certain criteria must be met. These are based on income and particular need, for example, a looked after child, disability or disorder. Parents must apply for the funding themselves and this can be done online at www.hants.gov.uk/childrens-services or via the Support Team on 01962 847070.
Early Years Pupil Premium
This is a new initiative from the government. Parents of 3 and 4 year old children can apply for Early Years Pupil Premium (EYPP) if they meet certain criteria. This criteria is based on parental income and children’s needs. The money is given directly to the setting and must be spent is ways which can help meet the needs of that child. This can be additional equipment, resources or even a member of staff.
The rules governing the tax and national insurance treatment of childcare vouchers changed on 6th April 2015. From that date onwards, employers can offer their employees childcare vouchers worth £243.00 per month, free of tax and national insurance contributions. For more information contact the Inland Revenue on: www.hmrc.gov.uk/childcare.
To complete a funding form, please download the EYE funding form and return to Fordingbridge Day Nursery with all the relevant information completed.