FINANCIAL SUPPORT

Financial Support

There are multiple ways to get support at Prime. We are registered as a Childcare Services provider on the Ofsted Voluntary Childcare Register in England. Parent can save money on their child’s fees by paying with childcare vouchers or by applying with tax credits or Childcare Grants. There are many ways to get help in relation to your childcare costs which are detailed below. .

Working Tax Credits

You may qualify for extra tax credits to help pay for some of your childcare costs while you are working. The amount that you’re eligible for is dependent on your household income and situation, but you may qualify for the tax credits if: You’re a single parent, working over 16 hours per week OR A couple where both parents are working over 30 hours per week (combined), The childcare you pay for is registered or approved centre like Prime. The best way to find out if you’re entitled to working tax credits for childcare is by either visiting at www.gov.uk/childcare-costs-for-tax-credits or calling the HMRC helpline on 0345 300 3900.

Tax-Free Childcare

Tax-Free Childcare has been introduced by the government to support working families with costs of approved childcare, like Prime. Eligible families will be able to open an online account to make childcare payments. For every £8 you pay in, the government will add an extra £2 up to the value of £2,000 per child, per year. Additional support is available for disabled children. Your family could be eligible if:

•  Your children are under 12 years of age
•  You’re a single working parent or a couple where both parents are working and earning over £120 per week, but no more than £100,000 per year
•  You can find out if Tax-Free Childcare or other childcare options are for you by visiting at: www.childcarechoices.gov.uk

Childcare Voucher

The accept Childcare Vouchers, they are tax-efficient way of paying for childcare, where you choose a part of your gross wages as childcare vouchers, which is tax-free and exempt from National Insurance Contribution. Therefore, you pay less tax and National Insurance as your pre-tax salary is reduced.

Childcare Grants

The Childcare Grant is available to full-time students who have dependent children and pays 85% of childcare costs throughout the year. The grant is available to full-time students who are receiving or eligible for the student finance package. However, If you are a part-time student or receive Working Tax Credits then you won’t be eligible for this grant. You can find out more and apply for a childcare grant here: www.gov.uk/childcare-grant