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Budget 2016: clarity over childcare

The government will roll out the new tax-free childcare scheme from early 2017, replacing the current childcare voucher scheme.

Although the government expects the new scheme will save parents around £2,000 a year, in reality only a third of parents will be better-off, saving them only £600 a year, compared to £933 with childcare vouchers.

The new tax-free childcare scheme, announced in the Budget this week, will only be open to working parents, and in a two-parent household, both parents must be working and be earning over £100 a week to be eligible, but if one parent earns over £100,000, then the family will be excluded from the scheme.

The real winners for the new scheme will be households with two incomes and with more than one child. High earners will benefit, as long as one parent isn’t earning the £100,000 eligibility limit.

It will also benefit self-employed parents, who have been excluded from the childcare voucher scheme as they are supported by employers.

Experts said parents who think they may be worse-off under the new scheme should join their employer’s childcare voucher scheme now.

In addition, the government confirmed that it will double the free childcare funding of 15 hours to 30 hours for three to four year olds from September 2017.

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Reduce your grocery bill by 70% this summer!

The kids are off school and they are going to be hungry – inevitably, the next few weeks will see the cost of your weekly shop shoot up.

To help families keep the costs of food shopping down, MMM put Approved Food to the test, which can help slash the cost of shopping by as much as 70%.

There is of course one catch – the food is past or close to its sell-by date, but perfectly safe.

With a £30 budget, MMM managed to bag a fair amount – cereals, tinned food, sweets and treats, drinks and even laundry detergent and dishwasher tablets – the sort of things where you can generally ignore the date stamped on the product.

If you’ve tried reducing the cost of the grub by switching brands or shopping at discount stores but think you can do better, then try Approved Food  – you’ll be surprised at just how much you could save on some store cupboard essentials.

New products are available everyday and there are some real bargains. For example, Sprite Zero 330ml for just 29p or a 2kg Reeses Peanut jar for just £2.99. There’s even stuff for pets, at more than 50% off.

MMM was really pleased with service and surprised at just how at just how much £30 would buy (see pic above/ instagram).

Although we would like to see Approved Food cut down on the cardboard packaging, the items arrived well packed and in excellent condition.

So, if you’re looking to save a few more pounds on your groceries, take a look at Approved food – you’ll be surprised at just how good the bargains are.


Keep up with MMM on Twitter @MumMoneyMatters and Facebook !


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