MSP Holiday Camps & Tax Free Childcare

Posted: 11.04.2017

Coach Dan with some of our star players from our Sir Robert Pattinson Academy Camp this week c1 c2

At MSP we are coming to the end of our most successful Easter Holiday Camps since the business started in 2009! In early 2017 we were approached by Yarborough Leisure Centre which is run by the charity 'Active Nation' to run the Holiday Camps from their centre. We felt privelidged that the most popular leisure centre in Lincoln had asked us to run their holiday camps and felt that this was a fantastic opportunity to provide the children and parents of Lincoln and the surrounding villages with a first class venue and to also extend the range of activities we were able to offer. You may be aware that Yarborough not only has a large sports hall, an all weather playing surfance, a full 400m athletics track and most importantly, a swimming pool. At MSP at our Yarborough camp we were able to provide swimming for 1 hour each afternoon on our Easter Holiday camps and the popularity of the camps has exceeded all expectations. When we initially created the camps at Yarborough we allocated 40 places per day (200 in total) but these were quickly filling up and we extended the amount of places on some of the days and increased the amount of coaches at the camp. By the end of the week we had 235 bookings over the 5 days which is an average of 47 children per day! When the business was formed our main aim was to try and engage as many children as possible in sport and physical activity whether this is through our work in schools, extra curricular clubs, saturday sessions or our holiday camps. Its brilliant to know that our amazing coaches are having such a huge impact on the lives of so many children within the county. Overall our easter holiday camps across the 4 locations ran at 88% of capacity  with over 580 children booked on which is a great achievement.

Moving forward, we are at Yarborough for 4 days in the May/June Half Term and for 4 weeks in the summer holidays. These dates along with the dates for our other locations are all available to be booked now and can be viewed on the holiday camp page of the website.

Our Newark Highfields site which has served us very well for 5 years now is going to be changing to the Magnus Academy in Newark for the Summer. This large secondary school with fantastic facilities is going to enable our holiday camps to thrive even further in the Newark area and to engage more children with the MSP holiday camp program. There is a large sports hall, all weather pitches and some brilliant grass pitches which is going to enable the coaches to deliver even better activities.

One thing that differentiates MSP from similar providers is the fact that all of our holiday camps are Ofsted registerd. This not only allows the parents to know that their children are having a fantastic time in our care but also reassures them that their children are in an approved and registered childcare setting. A further benefit of being Ofsted registered is that it allows parents to make payments to us through childcare vouchers. The government has introduced a brand new Tax-Free Childcare Scheme which I have detailed below. This is going to allow more and more working parents to access our holiday camps and pay through childcare vouchers, giving them effectively 20% tax relief!

We envisage our summer holiday camps to be even busier than our easter program and we do have a limited amount of spaces on each day so please do book early to avoid missing out on your chosen days. If you have any questions at all about the MSP Holiday Camps then please email us on info@multisportpro.co.uk

Ten things to know about the new Tax-Free Childcare scheme.

Sourced from HM Treasury and the Department for Education

Tax-Free Childcare will be available to around 2 million households to help with the cost of childcare, enabling more parents to go out to work, if they want to, to provide greater security for their families.

Keep updated about when you can apply for Tax-Free Childcare.

Ten things to know about the scheme:

1. You’ll be able to open an online account

You’ll be able to open an online account, which you can pay into to cover the cost of childcare with a registered provider. This will be done through the government website, GOV.UK.

Tax-Free Childcare will be launched from early 2017. The scheme will be rolled out gradually to families, with parents of the youngest children able to apply first.

You’ll be able to apply for all your children at the same time, when your youngest child becomes eligible. All eligible parents will be able to join the scheme by the end of 2017.

2. For every 80p you or someone else pays in, the government will top up an extra 20p

This is equivalent of the tax most people pay - 20% - which gives the scheme its name, ‘tax-free’. The government will top up the account with 20% of childcare costs up to a total of £10,000 - the equivalent of up to £2,000 support per child per year (or £4,000 for disabled children).

3. The scheme will be available for children up to the age of 12

It will also be available for children with disabilities up to the age of 17, as their childcare costs can stay high throughout their teenage years.

4. To qualify, parents will have to be in work, and each earning at least £115 a week and not more than £100,000 each per year

The scheme is designed to be flexible for parents if, for example, they want to get back to work after the birth of a child or work part-time.

5. Any eligible working family can use the Tax-Free Childcare scheme - it doesn’t rely on employers offering it

Tax-Free Childcare doesn’t rely on employers offering the scheme, unlike the current scheme Employer-Supported Childcare. Any working family can use Tax-Free Childcare, provided they meet the eligibility requirements.

6. The scheme will be available for parents who are self-employed

Self-employed parents will be able to get support with childcare costs in Tax-Free Childcare, unlike the current scheme (Employer-Supported Childcare) which is not available to self-employed parents. To support newly self-employed parents, the government is introducing a ‘start-up’ period. During this, self-employed parents won’t have to earn the minimum income level.

The scheme will be available to parents on paid sick leave and paid and unpaid statutory maternity, paternity and adoption leave.

7. If you currently receive Employer-Supported Childcare then you can continue to do so

You do not have to switch to Tax-Free Childcare if you do not wish to. Employer-Supported Childcare will continue to run. The current scheme will remain open to new entrants until April 2018. Parents already registered by this date will be able to continue using it for as long as their employer offers it.

However, Tax-Free Childcare will be open to more than twice as many parents as Employer-Supported Childcare.

Employers’ workplace nurseries won’t be affected by the introduction of Tax-Free Childcare.

8. Parents and others can pay money into their childcare account as and when they like

This gives you the flexibility to pay in more in some months, and less at other times. This means you can build up a balance in your account to use at times when you need more childcare than usual, for example, over the summer holidays.

It’s also not just the parents who can pay into the account - if grandparents, other family members or employers want to pay in, then they can.

9. The process will be as simple as possible for parents

The process will be as easy as possible for you. For example, you’ll re-confirm your circumstances every 3 months using a simple online process; and there will be a simple log-in service where parents can view accounts for all of their children at once.

10. You’ll be able to withdraw money from the account if you want to

If your circumstances change or you no longer want to pay into the account, then you’ll be able to withdraw the money you have built up. If you do, the government will withdraw its corresponding contribution.

More information will be available ahead of the scheme being introduced so parents making childcare decisions are able to consider all their options.

 

This article has been taken from the following website link:

https://www.gov.uk/government/news/tax-free-childcare-10-things-parents-...