HR Glossary

What is Tax-Free Childcare?

A UK government scheme where for every GBP 8 a parent pays into a childcare account, the government adds GBP 2, providing up to GBP 2,000 per child per year (or GBP 4,000 for disabled children) to help cover the cost of registered childcare.

Why it matters in hiring

Tax-Free Childcare comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with T

• Talent Pipeline
• Talent Pool
• Talent Rediscovery
• TDS - Tax Deducted at Source
• Technical Training
• Termination Letter
• TFSA - Tax-Free Savings Account (Canada)
• The Code on Wages, 2019

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.