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  • FIRST POST
    • MSE Sam M
    • By MSE Sam M 14th Mar 17, 3:56 PM
    • 233Posts
    • 158Thanks
    MSE Sam M
    Guide discussion: Tax-Free Childcare
    • #1
    • 14th Mar 17, 3:56 PM
    Guide discussion: Tax-Free Childcare 14th Mar 17 at 3:56 PM

    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Page 4
    • hmd1987
    • By hmd1987 10th Jul 17, 9:47 AM
    • 408 Posts
    • 502 Thanks
    hmd1987
    after 12 weeks I've finally got access to the tax free account. So on Saturday I sent faster payments from my bank account into the tax free account (2 children). As of now, the money still hasn't appeared?

    Anyone know how long it is supposed to take?
    • hotnuts21
    • By hotnuts21 17th Jul 17, 3:35 PM
    • 56 Posts
    • 7 Thanks
    hotnuts21
    I basically have the same question as already asked by these two

    My daughter will start nursery in January 2018 just before she is 11 months old with a cost of about £730/month.

    Can we sign up for tax-free childcare now (May 2017) and start saving or does it only work when they start their childcare? If the latter, is the saving per tax year, and if so could we max out the account for the first three months and then start again in April?
    Originally posted by JonathanB
    Hi guys...

    Forgive me if I am being stupid but my son won't be in childcare until he's two, next June. I am eligible for tax free childcare so am I able to open an account now to save ahead of him starting preschool?

    Thanks
    by Emjay9272663430
    My son wont be starting till next April, but we have more income at the moment than we will have after January, therefore im thinking of getting a head start on the savings now and building up a buffer, a bit like you can with Childcare vouchers, I just cant see if its allowed, in fact the details of what you can and cant do are quite sparse, could I just fill the account with 8K now and not touch it till next year?
    • amysea85
    • By amysea85 21st Jul 17, 4:16 PM
    • 1 Posts
    • 0 Thanks
    amysea85
    Entitlement Period
    I'm really struggling to find anywhere what the 'entitlement period' is. I have an account and it tells me I have £xxx left in this period....but I don't know when this period ends!
    • Mupette
    • By Mupette 21st Jul 17, 5:27 PM
    • 4,192 Posts
    • 6,907 Thanks
    Mupette
    If you are moving from childcare vouchers to tfc, you have 3 months grace to have both.

    If you leave childcare vouchers now and decide to go back later, do it before April 2018, Government says that after that, you can't return.

    GNU
    Terry Pratchett
    ((((Ripples))))

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