For every £8 you pay into your childcare account, the government will pay in £2 – up to a maximum of £2,000 per child each year, or £4,000 per disabled child each year.
So if you have one child and you pay in £8,000 into your childcare account, the government will pay in £2,000. Once you put the money in, it’s normally topped up by the next working day.
Payments into your account will normally take one working day for debit card payments and three working days for bank transfers. Payments will show as ‘available funds’ once they have processed.
The government contributions are limited to £500 every three months or £1,000 for a disabled child. To get the maximum contribution you must contribute to your online account in every three-month period or quarter of the year.
Others, such as grandparents or family friends, can also pay into the account.