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Hundreds set for increased pre-school credit payment

Mon, 25 Jul 2022


Hundreds of parents will receive an additional £746 to help pay for their child’s nursery or childminder place in the year before they start primary school from September.

The Pre-School Credit Scheme 2022 was approved in Tynwald last week.

The credit will rise from £3,420 to £4,166 a year, reflecting the rise in the average cost of childcare since the credit was last reviewed in 2018.

The increased support is expected to cost in the region of £326k for the current financial year and around £559k for subsequent years.

 

 

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