Parents do not understand tax-free childcare

Written by David Fletcher 08 Sep 2017
Parents do not understand tax-free childcare

A survey of 17,000 parents suggests that over 60% are 'unprepared' for the Government’s Tax-Free Childcare scheme (TFC). By 16 August, 108,000 parents had successfully signed up to TFC. This compares with over 780,000 parents currently using childcare vouchers. 98% of parents said they would like access to childcare vouchers to be kept open alongside TFC. As of April next year, childcare vouchers will be closed to new entrants. In light of the findings, there are renewed calls for the Government to revise plans to close access to vouchers. Also, over 3,000 childcare providers found that 48% of parents had either not heard of TFC or didn’t feel ‘well-informed’ about the scheme. 20% of those who had registered had experienced issues about receiving payments in a ‘timely manner'.

Additional Info