The most common reasons for nannies to choose to register on the voluntary part of the Childcare Register are to give reassurance to parents and to enable eligible parents to claim the childcare element of working families tax credits and childcare vouchers through their employers.
To find out more about registering, please find below a link to the Ofsted Childcare Registration Guide:
You will need to meet certain criteria such as providing a current CRB check and first aid qualification. There will also be a yearly cost to you but by being a part of the Childcare Register you will make yourself a more attractive childcare option.
Working Tax Credit
The Working Tax Credit is not just for parents, it can also help to top up the income of people who do not have children. You may also be eligible to receive tax credits if you are:
• aged 16 or over and disabled working usually at least 16 hours a week or
• aged 25 or over and usually work at least 30 hours a week
Find out more:
Helpline – 0845 300 3900
If you are a part of the Childcare Register this is useful information to give to parents that are or might use your services:
1. Working Tax Credit
If the parent is 16 years old or over and is responsible for a child or young person while working 16 hours or more a week, they can get Working Tax Credit.
They may also be able to get 80% of their registered and approved childcare or school activities paid for, up to a maximum weekly amount of:
– £140 a week for one child; or
– £240 a week for two or more children.
Please not the amount of Working Tax Credit will depend on household income.
2. Childcare Vouchers
Childcare vouchers are one of the ways in which employers can help their employees with the cost of registered or approved childcare. In some cases they can also be used to pay for school activities.
The employee can save tax and National Insurance on the first £55 a week or £243 a month of their childcare costs. The total yearly saving for a basic tax payer is just over £960 a year.
Both employed parents can claim these exemptions if their employers run a childcare voucher scheme.
All you need to do is register with the childcare voucher provider. It will not cost you any money.
By accepting vouchers as full or part payment of childcare costs, you are making you services more financially attractive to parents.
HM Revenue and Customs