Calculating weekly child care amount for tax credits

Cka

Hi is there a simple way to calculate child care amounts?
Im going to be paying for one child all day all year round
And 2 other for a couple of hours a day term time but they will also have to go all day during holidays...
Can anyone help?

Darksparkle

The same provider or a different provider?

What are the costs?

Cka

Same provider... 2.75 per hour.. 8hrs a day for youngest then 2hours each for 2 older children then obviously 8hours for each child during school holidays

Darksparkle

Term Time/Holidays is normally split into 39 weeks term time and 13 weeks holidays.

Full Week Childcare = £110 per week and Part Time Childcare = £27.50 per week.

£27.50 X 2 children X 39 weeks = £2145
£110 X 1 child X 52 weeks = £5720
£110 X 2 children X 13 weeks = £2860

Total for year £10,725, averages £206.25 per week.

That's obviously assuming you need to pay every week of the year.

Cka

Thanks for that.. I didn't make it clear in my first post it is only for one day a week at moment so if I divide ur final figures by 5 that would make it correct yes?

Darksparkle

Cka wrote: »

Thanks for that.. I didn't make it clear in my first post it is only for one day a week at moment so if I divide ur final figures by 5 that would make it correct yes?

Don't know what you mean. Can you be more specific?

Cka

Sorry... I'm only using childcare for 1 day per week.

Darksparkle

Cka wrote: »

Sorry... I'm only using childcare for 1 day per week.

For which child? All of them?

Are you working at least 16hrs per week in order to claim childcare help?

Cka

All 3 children 1 day a week. Yes I work over 16 hrs

Darksparkle

Then yes just divide it by 5

Cka

Thank u so much sorry for the confusion x