
Chancellor Alistair Darling has announced families with one and two-year-olds will get an extra £4 a week in child tax credits.
As part of today's Budget report, he announced the increase will apply from April 2012.
Childcare tax credit is a means-tested benefit, with an average payout of approximately £68 per week.
Darling said this is "extra money which will be paid for all children who need it, whether their parents are married, living together, or living apart".
Further reading/key links
Get the best rate for your child's savings: Child Trust Funds
See what you're entitled to: Five-Minute Benefit Check
Claim free childcare cash: Tax Credits
Have your say
This is an open discussion but the comments do not represent the views of MSE. We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. Posts may be deleted and repeat offenders blocked at our discretion. Please contact fbteam@moneysavingexpert.com if you wish to report any comments.