Tax free childcare scheme starts 2017


The chancellor also announced that the new tax-free childcare scheme is due to start in 2017. 

The scheme will provide up to £2,000 a year in childcare support for each child under 12 where the parents save in a special account. If they save £8,000 the government will top up the account with 20% to a total of £10,000 which can then be used to pay for childcare costs.