Bunbury Care Agency

childcare voucher scheme

With more working parents than ever before in the UK, Childcare Vouchers are fast becoming an essential part of daily life. The financial savings on offer attract employers to portray a positive company image. Employees are attracted to companies who provide well-managed benefits, which help them make big savings and achieve a happy balance at work and at home.

Childcare Vouchers are available to both male and female employees, and can be used to pay for the care of children up to the age of sixteen. They are widely accepted for all forms of registered or approved childcare across the UK, including all the leading nursery groups, childminders, nannies, au pairs, out-of-school clubs and holiday camps. Whether it’s a stand-alone scheme or part of a wider, flexible benefits package, it's easy to see the benefits of Childcare Vouchers.

Tax and Ni savings for employees		NI savings for employers
Employee status	Potential annual savings*	No. of employees	Annual employer savings**
Individual parent (basic taxpayer rate)	£904	10	Up to £3,730
Two parents (both basic rate taxpayers)	£1,808	20	Up to £7,460
Individual parent (higher rate taxpayer)f	£1,195	50	Up to £18,650
Two parents (both higher rate taxpayers)	£2,390	100	Up to £37,300

*Based on the maximum voucher value of £55 per week / £243 per month for an annual scheme. The exact amount a parent can save depends on individual circumstances.

**Based on the maximum voucher value of £55 per week / £243 per month for an annual scheme.

Information on the Childcare Voucher Scheme can be found at:
www.childcarevouchers.co.uk or call 0800 247 1237

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