Many families do not take advantage of the financial help that is available to them for the cost of childcare. Families on middle as well as low incomes may be entitled to financial support such as Child Tax Credit or Working Tax Credit. This extra help, called ‘the childcare element of working tax credits’, is available to individuals on lower incomes to help with the cost of childcare. The amount received is dependent on your circumstances and income, but could cover up to 70% of your childcare costs.
Find out if you are eligible for assistance here or call the Tax Credit helpline on 0845 300 3900.