Parents Benefits of Childcare Vouchers
Government legislation allows you to save Income Tax and National Insurance on childcare when using using childcare vouchers, reducing childcare costs. As a parent, you must be employed (not self-employed) for your employer to issue you with childcare vouchers to pay for some or all of your approved or registered childcare. Savings of up to £1195.56 per year per working parent can be made.
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Carers Benefits of Childcare Vouchers
Parents are keen to save money on their childcare costs and the childcare voucher scheme enables them to do this. Carers who accept childcare vouchers are able to help parents save money. The service is free to all carers, whether a nursery, day care provider, childminder, Crèche, Nanny, play school, holiday care or after school care.
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Employers Benefits of Childcare Vouchers
Gorvernment legislation allows employers to help employees save money on their childcare costs and at the same time offer a substantial employee benefit that is self-financed by the employers National Insurance savings. The direct cost of childcare vouchers to the employer starts at 5% of the voucher face value.
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The Early Years childcare voucher scheme provides fantastic advantages. More downloadable childcare voucher information is also available, including help and advice on setting-up a childcare voucher scheme for working parents, carers of children and companies.