Tynwald has voted to replace the pre-school credit system after 12 years.
The Childcare Credit Scheme 2024 was approved yesterday, and means children who turn three or four each academic year get £4,166 in childcare credit.
Parents will be able to spend the credit with government-registered providers.
Education Minister Daphne Caine says the scheme forms part of the government's Our Island Plan and Childcare Strategy.
Road closed after crash
Worries about fire pollution in Glen Maye
UK businessman wants to hear about mobile signal at sea
Minister quizzed over new Meat Plant director
Yellow weather warning this weekend
Education boss retires
Steam Packet warns of sailing delays today
Know someone who's made a difference to their community?