On the maximum voucher allowance a 20% tax payer would save £75.33 per calendar month, or £903 per year.

A 40% tax payer would save £99.63 and £1195.56 for the same periods.

If we ever see a 45% tax bracket and increased NI rates the savings will be even more.

This can allow you to have your child stay longer or have more sessions if you feel that is the right thing to do with your carer. You would end up keeping the same net cost for instance.