Annual Childcare Costs

This calculator helps you to work out the overall savings across a financial year available to those using tax free childcare (TFC) and funded hours. Every childcare provider calculates the funded hours differently, so it's best to get in touch with them if they don't share the details so you can work out what the discount would be worth.

Anyone with an adjusted net income over £100k won't be able to claim 30 hours for under 3s, and will only receive 15 hours for 3-5 year olds. Loosing this, plus TFC can equate to thousands of pounds in lost savings each year. Using this calculator will give you the childcare costs you need for our break-even calculator which can help you work whether you should consider extra pension contributions to ensure your adjusted net income is below £100k