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Add tax free childcare #1002

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vahid-ahmadi opened this issue Jan 9, 2025 · 0 comments · May be fixed by #1004
Open

Add tax free childcare #1002

vahid-ahmadi opened this issue Jan 9, 2025 · 0 comments · May be fixed by #1004

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@vahid-ahmadi
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Overview

Implementation needed for the Tax-Free Childcare (TFC) scheme calculation in PolicyEngine UK. The scheme provides government contributions towards childcare costs for eligible families. (Documentation link)

Key Features

  • Annual contribution of up to £2,000 per standard child and £4,000 per disabled child
  • Government contributes £2 for every £8 parents deposit (20% support)
  • Income threshold of £100,000 per partner
  • Compatible with 15/30 hours of free childcare programs
This was referenced Jan 9, 2025
@vahid-ahmadi vahid-ahmadi changed the title Tax free childcare Add tax free childcare Jan 24, 2025
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