Government backed schemes available that could provide financial support towards paying for childcare fees.

As our centre is now Ofsted registered, you can use a variety of these schemes at Prestige: The Tuition Centre. The various schemes and their eligibility conditions are listed below.

Please visit www.childcarechoices.gov.uk for the most up to date information. If you have any additional questions, please call us at 079 5743 1131 or fill out our contact form.

Childcare Vouchers:

• For working families
• Children under the age of 15
• Tax and National Insurance savings of up to £900 per year.

The amount you choose to deduct for Childcare Vouchers is deducted from your wages before you pay tax and National Insurance. As a result, you pay less tax and National Insurance because your pre-tax wage is lowered. Many people qualify for Childcare Vouchers but are unaware of it. Normally, parents only use Childcare vouchers for children attending a nursery, however at Prestige: The Tuition Centre, they can be used for children aged 15 and under.
To find out if you are qualified, contact your employer’s human resources department; it is a scheme that any firms, regardless of size, can sign up for.

 TAX-FREE CHILDCARE:

• Tax-free childcare available for families on Universal Credit
• Up to 85% off when off when you apply for childcare
• Working families
• With children aged 0-15 (or 0-16 if disabled)
• The government will contribute an extra £2 for every £8 you pay in, up to a maximum of £2,000 per child each year.

For children with disabilities, extra assistance is available.

Tax Credits for Childcare

• Working families
• With children aged 0 to 15 (or 0 to 16 if disabled)
• Get up to 70% off your childcare charges, up to a certain amount

If you are qualified for Working Tax Credit and work at least 16 hours per week, you can claim up to 70% of your qualifying childcare expenditures for children aged 0-15 (or 0-17 for disabled children). Depending on your income, you might receive up to £122.50 per week for a single child or £210 for two or more children.

You must pay for childcare that is registered as a childcare establishment, such as Prestige: The Tuition Centre. Even if you are not working, you may be eligible for the Child Tax Credit. To find out if you are eligible for working tax credits for childcare, call the HMRC helpdesk at 0345 300 3900. It is critical that you inform HMRC.

Universal Credits for Childcare

• Working families
• Children aged 0 to 15
• Save up to 85% on childcare expenses, subject to a cap.

If you and any partner work or are about to start working and are claiming Universal Credit, you can get up to 85% off childcare fees for children aged 0 to 15.

As Prestige: The Tuition Centre is now Ofsted registered this scheme can now be utilised to help pay for your child’s tuition fees. You may be eligible for up to £646 per month for one child or up to £1,108 for two or more children.

Childcare Grants:

• Full time students
• With children aged 0 to 14 (or 0 to 16 if disabled)
• Get up to 85% off your childcare costs, up to a certain amount

Full-time students who receive or qualify for a student financial aid package are eligible for the grant. As Prestige: The Tuition Centre is an Ofsted approved tuition centre, the grant may be utilised there. This grant will not be available to you if you are a part-time student or if you get Working Tax Credits.

In contrast to payments you might get as part of other student finance instalments, the grant is not repaid and is a stand-alone amount. At www.gov.uk/childcare-grant, you can obtain additional information and submit an application.

Salary Sacrifice:

• Working families
• With children aged 0 to 15

If you participate in a salary sacrifice arrangement, you can give up a portion of your compensation in exchange for a non-cash benefit, such as childcare, allowing you to save on tax and National Insurance.
If the employer does not offer childcare vouchers through a third-party provider, everyone who works for or owns a limited company is eligible to participate in the salary sacrifice plan.
More information is also available on the HMRC website: https://www.gov.uk/guidance/salary-sacrifice-and-the-effects-on-payees.