Childcare Savings Calculator
Calculate your childcare savings
The new Tax-Free Childcare scheme is now live and is being rolled out to eligible families during 2017. The Childcare Voucher scheme is expected to close to new entrants in April 2018 meaning that only parents who are part of the scheme at that time will be able to continue using Childcare Vouchers.
If you are not currently claiming help with your childcare costs you have until April 2018 to decide which scheme is best for you otherwise you will not be able to join Childcare Vouchers.
You can learn more about both schemes through reading our Big Changes, Big Choices guide.
The savings you can make with each scheme will vary according to your family’s circumstances, and while one scheme may work best for one family, it may not be as beneficial for another. This calculator will help you decide whether the existing Childcare Voucher scheme or the new Tax-Free Childcare scheme is more beneficial for your family.
It is important to remember that your circumstances may change and that this calculator provides a general overview only. We recommend that you contact our Family Benefits Advice Team on Freephone 0800 028 3008 for a comprehensive ‘better off’ calculation.