Parents to spend over £500 in childcare costs over the summer | Parenta.com

▤ Summary

Financial services company, Hargreaves Lansdown, have found that 60 per cent of children have working parents, and 1 in 20 families will spend over £500 on childcare during the summer holidays, way above the average cost of £250.70. Sarah Coles, a personal finance analyst from Hargreaves Lansdown, said: “What do you get when you subtract two weeks off work from six weeks of school holidays? Four weeks of stress and on average, a £250 childcare bill.” Some families are hit with bills much higher, with a reported 5% of parents surveyed by Hargreaves Lansdown expected to fork out over £500. “There are things you can do to cut the cost of the break – including shaving the tax off the cost of your childcare bill; taking advantage of flexible working options; or hunting down hidden bargains,” she adds. The Grimsby Independent highlights different ways to save on childcare costs over the summer months.

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