The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
82% of basic tax rate households with one child 78% of basic tax rate households with one or more children 71% of families with one child 65% of households with two basic rate taxpayers with two or more children 63% of working couples with one or more children 62% of families with one child and one basic rate taxpayer 56% of single parent families
In order to give themselves the best option, parents are being urged to sign up for Childcare Vouchers now, before they are closed to new entrants in April 2018. In doing so, parents will give themselves the power of choice in the long term to select the scheme which leaves them financially better off.
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Tax-Free Childcare Implementation Advisor Forum 6 October 2016
If members have any questions they would like put forward at the Tax-Free Childcare Implementation Advisor Forum on 19 October, please email policy.
Samantha Mann, CIPP Senior Policy & Research Officer, will be attending the Tax-Free Childcare Implementation Advisor Forum on 19 October. If members do have any questions they would like put forward, please email policy by 17 October, using TFC AIF as the subject.
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Tax-Free Childcare update 23 February 2017
The Childcare Voucher Providers Association and Working Families are calling for childcare vouchers to be kept open indefinitely.
The Childcare Voucher Providers Association (CVPA) and Working Families have published a new report which calls for the government to keep childcare vouchers open, instead of closing the scheme to new entrants in April 2018, thus allowing families to choose the childcare scheme that best suits their needs.
The report ‘ The future of childcare support for working parents ’ finds:
Childcare vouchers are a widely-used benefit that is popular with parents and employers alike. Many lower earners will lose out on money under Tax-Free Childcare, compared to childcare vouchers. Vouchers give a central role to employers, who value the scheme and being able to support the parents who work for them. Parents find vouchers easy to access due to the involvement of their employer, and vouchers provide a way for employers to demonstrate their commitment to supporting family-friendly working practices.
Launching the report, Working Families’ Chief Executive Sarah Jackson OBE said:
“Families juggle working and caring in lots of different ways, and we need a childcare support system that offers maximum choice for working parents.
On paper, the new Tax-Free Childcare scheme offers up to £2,000 of support a year but the truth is many families are not going to be spending the amount needed to benefit from that level of support.
Employees consistently place a premium on employers who understand and support their childcare needs; vouchers are an important mechanism for this discussion to take place. There’s no reason why the creation of the new Tax-Free Childcare scheme has to bring vouchers to an end.”
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