The Bill introduces a new tax-free childcare scheme to support eligible parents with childcare costs.
- the Government would provide 20 per cent support on costs up to £10,000 per year for each child via an online account
- the Government would top up any payments made into the account, capped at a maximum Government contribution of £2,000 a year for each child.
The Bill extends to the United Kingdom. In relation to Northern Ireland, the Bill requires a Legislative Consent Motion of the Northern Ireland Assembly