Parents are given a 'top up' payment of £2 for every £8 that is saved to pay for childcare, up to a maximum of £2000 per child, per year. The Tax-Free Childcare scheme is government-run. Further information can be found here.
Please note that parents/carers are unable to use Tax-Free Childcare in conjunction with the Salary Sacrifice Scheme to pay for a University of Oxford nursery place. At present, many parents find they make greater savings using the Salary Sacrifice Scheme. Your personal circumstances will determine which payment method is the most beneficial for you and your family.