HMRC scheme could make people £2,000 a year better off

HM Revenue and Customs (HMRC) has encouraged parents to see whether they might qualify for financial help

Brits have been urged to check if they qualify for up to £2,000 worth of support every year. HM Revenue and Customs (HMRC) has encouraged parents to see whether they might qualify for financial help with childcare expenses.

In a message posted on X, HMRC said: “Could you be missing out on childcare savings? “Here’s what you need to know!

“Sign up for Tax-Free Childcare and save up to £2,000 a year per child on approved childcare costs.” This funding is exclusively available to couples whose joint income falls below £100,000 annually.

Those who meet the criteria can receive up to £500 every three months for each child to assist with childcare expenses. This amounts to up to £2,000