Childcare funding advice
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To clarify, I think he would need to be taking a salary of £100k not turnover but could be wrong
@Charlie thank you! He certainly doesn’t earn 100k but his business does, he has 7 guys working for him so unfortunately it’s not all our money 🥲 but thank you for your advice x
Heya this is the government guidance: https://www.gov.uk/check-eligible-free-childcare-if-youre-working It depends how much you would be earning as it has to be over a certain amount to get the free childcare (but under 100k annually for each partner).
You’d need to earn about £800 a month to be eligible for the 15 free hours. If you apply now, it will only be available from the start of next term (April). You can also apply for tax free childcare, when working, it’s an account to pay into and the government gross it up (so if you pay £80, they top it up to £100).
@Rosie thanks so much for this it’s really helpful! X
Wow makes me wish I was on the UK
I feel like there’s a minimum number of days or hours a week you need to work too! But I could be wrong!
@Nai it’s better than nothing but it’s not as good as it sounds. For example, a full time childcare space here is £1700-£2000 a month. The free hours are reduced to 11 hours if you use it the whole year, and they charge for food, nappies etc on top. It works out a saving of about £300 a month for us, so not even 20% of the cost.
You both need to be working and earning less than £100k, so if the business is taking more than £100k annually you cannot claim the funding