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  • FIRST POST
    • BiggaThanBen
    • By BiggaThanBen 9th Oct 19, 8:28 PM
    • 491Posts
    • 267Thanks
    BiggaThanBen
    Please explain tax-free childcare periods/limits
    • #1
    • 9th Oct 19, 8:28 PM
    Please explain tax-free childcare periods/limits 9th Oct 19 at 8:28 PM
    I opened the account on 25 July.

    Deposited 2000, got HMRC Top Up 467.03 (why not 500?).

    Now it says online (less than 3 months passed):

    You can get a maximum government top-up of 467.03 for this entitlement period. You've 359.77 left for this period.

    I don't understand, where is 359.77 coming from, is it still the first 3-month period or a new one has started ?

    This all sounded so straightforward on paper - every 3 months, deposit 2000 - get 500 from HMRC. But in reality it is so confusing.

    Thanks
    All my life my mother told me the storm was coming (c) Terminator 3
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