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Tax Credits

Nine out of ten families with children are entitled to claim a tax rebate to help them fund childcare. This can be up to a maximum of 80p for every £1 you pay out in childcare costs.
There is a limit of £175 per week for one child and £300 for two or more. 'This means the most you can get in your childcare element is £140 (£175 at 80p in the £1) if you have one child, or £240 (£300 at 80p in the £1) if you have two or more children.

Tax and National Insurance Exemptions


The first £56 a week of the cost of approved childcare will be exempt from tax and National Insurance. This is available to each employed parent. Thus most families will benefit from £112 a week exemption. Examples have been included in our fee calculations.

In order to benefit from these exemptions, your employer can either make use of one of the existing voucher services (ask for details) or enter into Prepcare’s terms and conditions with Prepcare and the parent.

Parents may be able to benefit from both the Tax Credits and Tax and National Insurance exemptions, thus reducing childcare costs still further.