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HMRC Gives Out £632 Million to Working Families - Here's How to Apply
- During the 2024-25 tax year, close to 826 thousand employed households throughout the United Kingdom benefited from the Tax-Free Childcare program, receiving savings of up to two thousand pounds for each child.
- The scheme exists because families must meet eligibility criteria, including working a minimum of 16 hours weekly and earning under £100,000 each, without receiving Universal Credit.
- As of March 2025, over 54,000 families in London participated in the program, which provides a government top-up of £2 for every £8 saved, with a maximum contribution of £500 per child every quarter.
- HMRC’s director general Myrtle Lloyd noted that the summer months often bring additional costs for families with children, and Tax-Free Childcare can help ease this financial pressure.
- The scheme’s popularity indicates it is helping families lower childcare expenses, aligning with government efforts to enhance financial support for households.
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HMRC nets £1.5 billion from wealthy in bumper year
Britain’s tax authority has doubled its revenue from wealthy individuals, its latest records show. Specialist investigators at HMRC netted more than £1.5 billion in 2023-24, according to data released in response to a Freedom of Information (FOI) request by law firm Pinsent Masons. [See also: The reputational risk of being ‘named and shamed’ as a tax defaulter by HMRC] HMRC’s Wealthy and Mid-Sized Business Compliance (WMBC) team experienced a bu…
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Total News Sources32
Leaning Left1Leaning Right0Center25Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
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