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HMRC urges parents to claim Tax-Free Childcare and early payments

Reliability

Corroborated

Based on 29 sources

Source Diversity
Major Media (22)Research (7)
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Publications (8)

Sources (29)

Fact-Checking

50 claims

HM Revenue and Customs (HMRC) is urging working parents earning less than £100,000 per year to sign up for Tax-Free Childcare.

5 backing sources

For disabled children, Tax-Free Childcare provides up to £1,000 every three months, up to £4,000 per year.

5 backing sources

For every £8 deposited into a Tax-Free Childcare account, HMRC tops it up by £2.

5 backing sources

Open Questions

5 questions
How many parents have actually signed up for Tax-Free Childcare following HMRC's April 2024 reminder.
The exact number of parents currently missing out on Tax-Free Childcare, beyond Martin Lewis's estimate of 800,000.
Whether there are any plans to adjust the income thresholds for Tax-Free Childcare or Child Benefit in response to inflation or policy changes.
The specific impact of the Labour Party government on HMRC's outreach efforts for Child Benefit and Tax-Free Childcare.
How many parents have been affected by payment disruptions due to not notifying HMRC about extended Child Benefit eligibility before August 31.
Upper earnings threshold for Child Benefit eligibilityfactual

Since April 2024, the upper earnings threshold for receiving any Child Benefit is £80,000.

According to BirminghamLive
vs.

From tax year 2024-25 onwards, if you or your partner earn £80,000 or more, you have to pay back all Child Benefit.

According to Daily Express - Finance

Context: This disagreement creates confusion for readers about whether earning £80,000 means no Child Benefit is received at all or if it is received but fully repaid, impacting financial planning and understanding of benefit eligibility.

This article was produced by Reed News using AI. All claims are cross-referenced against multiple sources.