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<p>The Government is investing a record amount on childcare support – around £6 billion
per annum in 2019/2020. It’s important that that support is properly targeted.</p><p>
</p><p>Whereas currently around 600,000 families are in receipt of childcare vouchers,
we estimate that 1.5 million families with childcare costs will be eligible for TFC.</p><p>
</p><p>Tax-Free Childcare is fairer and better targeted than the voucher scheme, as
it covers a percentage of all childcare costs meaning parents who work longer hours
and need more childcare are not disadvantaged. TFC does not depend on your employer
offering the scheme – one of the reasons why it’s fairer.</p><p> </p><p>Parents in
receipt of childcare vouchers will be able to continue to use vouchers when the scheme
closes to new entrants in April 2018, whilst they work for the same employer and that
employer continues to offer them.</p>
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