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Tax Free Childcare Top-up
Hi,
I opened my Tax Free Childcare account today, 1st April. Did a quick tester payment and sent £10 to it, and the payment is showing on the account and has the government top-up...all fine so far.
What I'm confused by is why the message underneath says:
You can get a maximum government top-up of £598.90 for this entitlement period.
I was expecting it to be £500 per 3 months (from opening the account?), so I can't get my head around why it's stating this value? Can anyone help me get my head around this?
I had planned on funding the account with the remaining £1990 in June to max out the government top-up...but feel I'm missing something here.
First child, not a disabled child, so the £500 applies.
Thanks!
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