The Family and Childcare Trust has put together figures on the winners and losers of the new childcare schemes, ahead of the All-Party Parliamentary group on Families in the Early Years, which meets today (23 April).
The research shows that two parents earning the minimum wage and working full-time with a three-year-old are just £55 month better off using the 30 hours scheme and Tax-Free Childcare to pay towards childcare, compared to a high-earning couple working the same hours, who stand to save £351 a month.
The new research follows exclusive analysis by the Resolution Foundation for Nursery World that found that the Government’s 30 hours policy would save some of the poorest households £5 per week, while the richest would gain ten times that.
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