FUNDING
We are often asked questions about “nursery vouchers” and it is useful to be aware of what financial help is available to fund your child’s nursery place. Please see below details of the assistance which may be available to you, our staff will be happy to discuss these in more detail if you wish.
30 Hours of Free Childcare
We are pleased to announce that the Fountain of Knowledge Montessori will be offering the Extended Entitlement of funded childcare for eligible families, starting from September 2017.
All 3 and 4 year olds in England currently receive 15 hours a week government funded early education, however, if their parents are living and working in England some 3 and 4 year olds may be entitled to the FREE 30 hours funded childcare, which offers a massive saving!
If eligible, you will be entitled to access the funded hours from the beginning of the term following your child’s 3rd birthday.
The funded hours are available over 51 weeks of the year and you can claim them in 5 hour sessions up to 10 hours in any one day. Please contact us to find out more.
To see, if as a family, you are eligible to claim these hours, please visit the government’s eligibility checker which is now live at http://www.childcarechoices.gov.uk or http://www.gov.uk/childcare-calculator
15 Hours Early Years Free Entitlement
We are registered with West Northamptonshire Council to provide 15 hours a week of Early Years Free Entitlement for 3 to 4 year olds. Our staff can give you more information on your free entitlement.
Childcare Vouchers
Childcare vouchers is a scheme some employers offer to help working parents save on registered childcare costs. Childcare vouchers are not means tested and are available to all working parents whose employers operate childcare voucher schemes. These schemes can save you National Insurance and income tax as a set weekly amount can be deducted from your salary and used to provide childcare vouchers for the same amount. This amount is deducted from the gross salary and is exempt from National Insurance and Income Tax. We accept childcare vouchers from several schemes.
Tax Credits (child benefit)
Nine out of 10 families are eligible for some financial assistance through the Child Tax Credit and Working Tax Credit. The amount you receive will depend on your circumstances. Working Tax Credit includes a childcare element to help families who are working and spending money on childcare.
