Under the government's Tax-Free Childcare Scheme families can claim back 20 per cent of childcare bills up to a maximum of £6,000 a year for each child from 2015.
But Busy Bees Benefits has warned that the average annual cost of childcare per child is about £7,500 and would be even higher by the time the scheme begins, and has launched a campaign calling for the limit to be raised in response.
John Woodward, managing director of the firm, said: "We want to ensure the Tax-Free Childcare Scheme is fit for purpose from the outset and that the scheme does not suffer the same fate as the childcare voucher scheme, where the value of the support has been eroded over time as it has not kept pace with the true cost of childcare."
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