3-16 coeducational, day and boarding school

“An educational gem in the heart of the New Forest”

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How to save money on childcare

The following schemes are available to help you save money on childcare.

Early Years Pathfinder Scheme

Moyles Court School is a member of the Early Years Education Pathfinder Scheme and as such can offer at least 15 hours free education, taken over 3 days, per week for qualifying 3 and 4 year olds. The Nursery is open from 8 am to 6 pm from Monday to Friday for 38 weeks per year (including our very popular holiday weeks). The Nursery is very flexible and parents may choose any combination of hours they would like their children to attend between 8 am to 6 pm in order to suit their specific needs. Contact the school office for further information.

Tax credits

Many families are eligible for some financial assistance through the new child Tax Credit and Working Tax Credit schemes. The amount you receive will depend on your circumstances.

Child Tax Credit can be claimed by families with children (whether or not they are working) if their income is no more than £58,175 a year (up to £66,350 if you have a child under one). Various things are taken into account when calculating the amount you will receive. Child Tax Credit is paid into the bank account of the main person in your family who is responsible for looking after the children.

Working Tax Credit is available for parents who work to help with the costs of registered childcare.

If you would like more information on either Child Tax Credit or Working Tax Credit please contact the Inland Revenue helpline 08453 003 900 or online at: www.inlandrevenue.gov.uk/taxcredits

Childcare vouchers

Childcare Vouchers are a way in which employers can help their employees meet the cost of registered childcare. From 6 April 2005 employers can offer their employees childcare vouchers worth £243 per month, free of tax and national insurance contributions.

Childcare vouchers are not means tested and are available to all working parents whose companies operate childcare voucher schemes. The vouchers can be used to pay for all types of registered childcare including registered childminders, day nurseries, crèches, playgroups, out of school hours clubs, holiday play approved under the new Home Childcarer Approval Scheme.

Your entitlement to tax credits, however, is likely to be affected. This is because you can only claim help through the childcare element of Working Tax Credit on childcare costs that you meet yourself. If your employer meets any of your childcare costs, even if your pay has reduced in return (a salary sacrifice) these costs do not count.

Useful links

For up-to-date information about your maternity rights, the following websites can provide you with all the help and information you need.

 

Moyles Court School, Moyles Court, Ringwood, Hampshire, BH24 3NF, UK