Tax-Free Childcare is a new government policy led by HM Revenue and Customs (HMRC), which offers financial support for childcare for working parents. Thirty hours free childcare is a Department for Education (DfE) policy and an extension for working families of the existing 15 hours free childcare for three and four year olds in England.
Think Ahead has been a successful strategy. Since the start of 2014–15, we have delivered more than £50 billion in Net Financing for the Government; and cumulative savings of more than £780 million for taxpayers, as shown by the Value Indicator.
2017–18 has been a very successful year for NS&I. The organisation met all of its performance targets and raised £9.8 billion in Net Financing for the Government (against a final target of £8 billion in a range of £5 billion to £11 billion).
NS&I is reducing the maximum purchase limit for new sales of 1 and 3-year terms of Guaranteed Growth Bonds and Guaranteed Income Bonds, from £1 million to £10,000 (£20,000 jointly) from today (11 June 2018).
Two Premium Bond holders have received more than just chocolate eggs this Easter weekend, as NS&I’s Agents Million have paid visits to Dorset and Hampshire and the Isle of Wight to tell them that they have each scooped the jackpot prizes of £1 million in April’s Premium Bonds prize draw.