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As summer approaches, healthcare workers with young children may be anxious about the high cost of childcare during the school break. In 2023, British families spent an average of £943 for six weeks of summer holiday childcare, a significant expense that continues to rise.
Considering these rising costs, some may consider staying home or reducing work hours to save money. However, are these the only solutions?
Here are some budget-friendly options for childcare solutions
HMRC offers Tax-Free Childcare, providing up to £2,000 annually per child under 11. This financial support can be used for holiday clubs, before or after-school care, childminders, nurseries, and other approved childcare providers. According to HMRC’s 2022 research, approximately 1.3 million families may qualify for this benefit. Check your eligibility here.
Pooling resources with friends who have children can significantly reduce the cost of hiring a nanny, who typically charges around £14 per hour. Websites such as childcare.co.uk and korukids.co.uk facilitate finding local families interested in nanny sharing arrangements, providing children with playmates while easing financial burdens.
Utilizing family and close friends who are willing to help with childcare can be a cost-effective option. Besides being affordable, it allows children to spend quality time with loved ones, fostering their independence and social skills. Alternatively, consider coordinating childcare arrangements with other parents facing similar challenges.
Many schools and youth clubs offer summer play schemes, ranging from day sessions to residential camps. These programs cover a wide range of activities including sports, arts and crafts, drama, and outdoor adventures like climbing and abseiling. Research local organizations early as spaces tend to fill up quickly.