Martin Lewis Money Saving Expert: Childcare deals - how you can get an extra £2,000 per child (Image: GETTY)
Martin Lewis reveal how parents can get an extra £2,000 per child for childcare today.
Martin Lewis told ITV viewers: “One and a half million families are eligible for a free £2,000 per child to help with childcare costs, but only one in six families have signed up to get it.”
He appeared on This Morning to advise viewers how they can get an extra £2,000 to cover childcare costs.
He said: “In April 2017, the confusing and somewhat inaccurately named 'Tax-Free Childcare' scheme launched.
Martin Lewis Money Saving Expert: Childcare deals - how to get an extra £2,000 per child
“It was beset with problems, poor communication and technical glitches, and huge numbers of those who can take advantage have been put off.
“Yet now I believe it's time to look afresh. For those paying for childcare, it can be worth £2,000 annually per child towards Ofsted (or equivalent) registered nurseries, childminders, nannies, after-school clubs, play schemes and home care - but it’s not for everyone.”
Do you even need to pay for childcare?
Martin advised: "Every parent in the UK can get funded childcare for all three to four-year olds – so you don’t pay. How much you get depends on where you live.
England: 3 and 4 year olds are entitled to 570 hours (roughly 15 hours a week) of free childcare per year. You get an additional 15hours/week if you earn an average of at least £131/week (both parents in a couple must) provided no one parent earns £100,000+ per year. Families with a low income may also get free classes for two-year-olds.
Scotland: 3 and 4 year olds are entitled to 600 hours of childcare (16 hours/week). The Scottish Government plans to increase this to 1,140 hours/year by 2020, though some places are already phasing the extra hours in.
Wales: 3 and 4 year olds gets at least 10 hours a week, though in some part of Wales you can get up to 30 hours/week.
Northern Ireland: 3 and 4 year olds get up