Parents 'to be able reclaim up to £1,200 of childcare costs'

Parents will be able to claim back up to £1,200 a year - or 20% of childcare costs - from 2015, under plans set to be unveiled by the government.

Parents will be allowed to claim back 20% out of a total of around £6,000 - what they believe to be the average annual price of a childcare place.

It will apply to all parents in England and Wales earning up to £150,000.

Read my full article on this here.