Little-known way hard-up parents can get up to £1,426 for childcare costs during school holidays
You currently have to pay your childcare costs yourself up front and then claim the money back through Universal Credit.At the same time, childcare costs will be paid for upfront.
“If you know that summer holiday costs are going to be high it’s a good idea to pay money into the account ahead of time and build up funds in there. And tax credits stop immediately if you successfully apply for tax-free childcare, and you’ll also have to cancel your Universal Credit and childcare vouchers.All three to four year old children in England are entitled to 15 hours of free childcare - amounting to 570 hours per year - from the term after their 3rd birthday.
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