Govt to unveil new tax-free childcare scheme

From autumn 2015, parents will be permitted to claim back up to £1,200 per child - or 20% of the £6,000 it is estimated it costs per year on average for a childcare place. The scheme will be available to parents who both work but earn less than £150,000 a year each. Couples who both earn £149,999 each will be eligible. The new childcare scheme will initially cover children up to five years old but will later include all children under 12. Prime Minister David Cameron said the plans, expected to cost £1.4bn and which will be partly funded by the abolition of the existing childcare v...