Magazine article Public Finance

Millions of Families Losing out on Childcare Aid

Magazine article Public Finance

Millions of Families Losing out on Childcare Aid

Article excerpt

Almost 5 million familles are missing out on state-assisted childcare because of current tax credit arrangements, according to the Institute for Public Policy Research.

Latest findings from the think-tank show that four categories of families are missing out on financial support for childcare.

The June 12 report, Equal access? Affordable and appropriate childcare for every child, recommends switching the entitlement away from the Working Tax Credit to the Child Tax Credit to include a further 4.7 million families. If take-up rates remain the same, with about a quarter of eligible families making a claim, the IPPR estimates the scheme could require another £2bn of investment over time.

It identifies four priority groups who need extra help: lone-parent families; families facing higher costs, such as disabled children; children living in workless households; and children living in larger families. …

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