Save on Childcare Costs

Much as you love your children, paying somebody to take care of them so you can go to work can be a big drain on the household budget. Childcare costs certainly add up, but there are ways to cut back so that you can have the peace of mind that comes with knowing your kids are well cared for, without spending every penny you earn.

  • Got a pre-schooler? No matter who you are, every UK household is entitled to 12.5 hours of free early years education for their 3 or 4 year old. These hours can take place at any registered provider, and should hopefully be rising next year to 15 hours. Ask around to see where these free hours are available in your area.
  • Working 16 hours a week or more? You should be eligible for child tax credits that can cut up to 80% of your childcare costs. This applies to families with kids up to the age of 15, so it’s not just for toddlers. You can also claim for help with childcare outside of term time if your kids are in school, and for assistance paying for after school clubs if you need it.
  • What can your employer offer? Childcare vouchers are sometimes available; these take money from your salary before tax and provide vouchers that can be used for Ofsted registered childcare, and can save you a substantial sum overall. These vouchers can be used anytime, not just in the month that they’re given to you, so can be saved for times when you need help the most.
  • What can your child’s school offer?  Many schools across the country now offer services outside of standard lesson times, providing cheap activities, clubs and summer holiday camps for your child. Be sure to check what’s available at your child’s school rather than shelling out for expensive camps and babysitters outside of traditional school hours.

Leave a Reply

Your email address will not be published. Required fields are marked *