Up to £2,000 Government help with childcare costs – Budget 2014

George Osborne has today announced a plan to help 2.9 million families with their childcare costs of up to £2,000 per child each year.

The Chancellor will expand and speed up a £750m-a-year “tax-free childcare” scheme he proposed in last year’s Budget in a significant boost for low and middle-income families. Originally, the Coalition planned to provide up to £1,200 per child per year – by meeting 20 per cent of childcare costs up to £6,000 a year per child. The new limit will meet 20 per cent of bills, up to £10,000 a year.

Originally this financial help was planned to be phased in over a sevon year period but its now expected to start in the Autumn of 2015.  The programme will cover all children under 12 years of age within a year.

Read the full story with the accompanying news video online at: www.independent.co.uk

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