All three and four year olds are entitled to part time, Early Years funded sessions through the Nursery Education Grant. Nursery Education Grants are provided subject to the criteria set out by each Local Authority and the funding available in our area; generally funds are available for your child to obtain a Nursery Education Grant starting the term after your child’s 3rd birthday. This results in either a reduction of your fees by 15 hours per week or, if your child only attends Supertots for the 15 hours a week, during term time only, your child’s place will be totally free.
Child Tax Credit is available to families who have an income of up to £58,000 per year. Nine out of ten families are eligible for this tax credit and it is paid in addition to Child Benefit. There is also a higher payment available for families with at least one child under one year old (the baby element) and for families with children that have a disability.
Working Tax Credit provides extra help to those parents in lower paid work with dependent children who work at least 16 hours a week. The childcare element of the Working Tax Credit can pay up to 70% of the cost of registered childcare up to a maximum of £135 per week for one child and £200 for two or more.
Since April 2005 huge savings have been available to set against childcare costs by paying for your childcare in vouchers which are provided by your employer.
Using vouchers up to the value of £55.00 per week parents can save on tax and NI contributions.
As an example; if you are a standard rate tax payer you will save £916 per year if you elect to use childcare vouchers. If you are a higher rate tax payer you will save £1,195 per year.
These savings are available to each parent and hence two parents paying for childcare at Supertots using childcare vouchers can save up to £2,390 per year!
To make this saving your employer needs to be paying part of your salary to you by way of childcare vouchers; these are redeemable at Supertots against the cost of the childcare that you normally pay for. This is known as a ‘salary sacrifice’ and the terms of your employer’s scheme will have been approved by the Inland Revenue.
Supertots are registered with most of the childcare voucher companies, so it could not be easier; just let us know which provider you wish to be with and we will do the rest.
For enquiries regarding tax credits, please contact the tax credit help line on 0845 300 3900 or visit their website; www.taxcredits.inlandrevenue.gov.uk. This website explains Tax Credits and has a calculator to help you work out how much you could be entitled to, it also allows you to apply online.
Remember: Supertots Day Nursery accepts all forms of childcare vouchers and allowances from employers, colleges and job centres.
Please call Gill on 01706 356021 or complete our enquiry form to arrange your visit to Supertots Day Nursery.
We would be delighted to show you and your child around the nursery and to answer any questions that you have.
We also offer taster crèche sessions in the nursery for your child so that you can be assured of their comfort and happiness.