The Nannyplus Blog

New Tax Free Childcare Scheme explained

May 19th, 2016

New Tax Free Childcare Scheme

In 2014, the Government unveiled their new plans to give more families access to Tax Free Childcare savings. As the current system is only available to parents whose employers have Childcare Vouchers available as an employee benefit, this means that thousands of families are missing out on vital support. The new system is being introduced in early 2017.

 

What is the new scheme?

Instead of being offered through employers, the new Tax Free Childcare Scheme will be provided directly from the Government through an online account. Parents will be able to pay money into their Tax Free Childcare account and the government will top up the account with 20% of childcare costs up to a total of £10,000 – the equivalent of up to £2,000 support per child per year (or £4,000 for disabled children). This will be applicable for children up to the age of 12 although the scheme will be applicable to children with disabilities up to the age of 17.

As the new scheme is not employer supported, self employed workers can qualify for these savings and take advantage.

 

What will happen to the current Childcare Voucher Scheme?

The current system will remain in place for those parents who are currently using it, but parents will no longer be able to join the existing scheme from April 2018.

 

Will nannies still have to be Ofsted registered to accept payments through the new scheme?

Just like under the current scheme, nannies will still need to be Ofsted registered in order to accept payment via the new Tax Free Childcare scheme. HMRC will gain their information from the Ofsted register and equivalent registers in the UK in order to communicate to nannies about the new scheme and how to prepare.

Nannies on the Ofsted register will receive letters from HMRC this summer advising them of the new scheme and inviting them to create an online account in order to accept payments from their employer via the new scheme.

 

Who will be able to get the new support?

In order to get the new Tax Free Childcare support, both parents in a two parent household should be working, or the lone parent in a single parent household. Parents need to be working for a minimum of 16 hours per week and should not be earning over £100,000 per year per parent. For the first time, self-employed parents will have also access to the Tax Free Childcare support. Unlike the current voucher system where both parents can claim the vouchers if their employers offer them, there will only be one Childcare Account per family and families will only be able to use the new system if both parents are working (or one parent working in a single parent household).

Parents who are claiming tax credits or Universal Credit will not be able to claim under the new system.

 

Who might want to stay in the current scheme?

Those who earn over £100,000 will not be able to benefit from the new scheme and therefore may want to remain in the current Childcare Voucher system. Likewise, two parent households where only one person works will not be able to benefit from the new scheme. Depending on income and how many children there are in the family, some parents may see the savings they could make decrease compared with the current Childcare Voucher system.

Source: Nannytax May 16


Support those sleepless early days and nights, have you considered a Maternity nanny ?

May 11th, 2016

Those early weeks and months as you welcome your bundle of joy into the world are precious, but they can also be a bit of a blur. Whether you’re a new parent or you have older children to consider, finding your feet with the arrival of your baby can be a challenge.

Maternity nannies can be a godsend for parents in those first few weeks of motherhood. Let’s take a look at how a maternity nanny comes to the rescue of mums and dads.

Learning the ropes

As a new parent, the reality of suddenly being responsible for a precious little one can be daunting at first, especially if you have minimal experience with children. Rocking your baby to sleep, for example, isn’t always appropriate if your baby is craving peace and quiet.

Having someone around to show you the ropes can reassure you that you’re doing a good job, and give you confidence when handling your baby. A maternity nanny can show you how to interact with your child, understand their body language, and maintain a calm environment that will benefit both mother and baby.

Establish a routine

To get into the swing of parenting, it’s important to establish a routine. A maternity nanny will often set weekly goals with the parents, such as getting the baby to sleep and encouraging them to feed well. In doing so, you will begin to feel in control of the situation, so that you can savour those precious early months.

Routines are doubly important for parents with older children. A new arrival can create an imbalance in the household, as mum and dad need to juggle school runs, meals and quality time with their children, with the duties of looking after and bonding with their baby.

Maternity nannies will help you do just that, ensuring you find a new balance where your time is split well between the baby and children, whilst encouraging the older siblings to bond with their younger brother or sister.

A helping hand

With the best will in the world, your routine is never going to be set in stone, especially for families with several children. Maternity nannies can provide a crucial helping hand as your family finds its feet, helping with midnight feeds, wraparound care for the children, nursery duties and cooking.

In doing so, you can ensure that you’re not too tired or stressed to give your children the attention they need in these crucial stages of parenthood.

Maternity nannies can step in for a few days, weeks or months as you settle in with your new arrival. By becoming a valued member of the family unit, many parents maintain a close bond with their maternity nanny long after their duties have come to an end.

Whether you’re looking to build a relationship with a nanny during pregnancy, or you’re struggling with your new arrival, Nannyplus Childcare Limited can help you find an accredited maternity nanny for your family.

Email support@nannyplus.co.uk or call 01925 768188 to start your journey today.


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