Salary sacrifice and childcare vouchers


Salary Sacrifice Childcare Vouchers

If you have looking for information regarding Salary Sacrifice Childcare Vouchers, then this page will explain more. If you need to ask any questions regarding how to find the best Salary Sacrifice Childcare Vouchers Scheme, then please give us a call.

Employers offering Childcare Vouchers in the UK provide a valuable benefit to employees. Not only does this service that sets them apart as a forward thinking UK company, but it is also financially beneficial for the business. If your employer is willing to provide you with Salary Sacrifice Childcare Vouchers, you pay for them through your salary and save on Tax and National Insurance. So it is important that you identify the very best Salary Sacrifice Childcare Vouchers Scheme that will offer you an efficient service and flexibility. The Childcare Vouchers scheme works by allowing you to sacrifice part of your wages in return for a similar value in Childcare Vouchers. If your employer has not explained how Salary Sacrifice Childcare Vouchers work, then we can help. Click Here for more details.

Register for Salary Sacrifice Childcare Vouchers

The are several Salary Sacrifice Childcare Vouchers Schemes available. The Early Years Vouchers Scheme is rated by our UK clients as providing a modern and efficient service.

Before you can benefit from Salary Sacrifice Childcare Vouchers, your employment contract will need to be updated with the inclusion of a signed agreement, which confirms your acceptance of the salary sacrifice.

The employer does not pay National Insurance on the amount agreed, which provides the employer with saving for each employee that is a member of the Childcare Vouchers Scheme. And the employee pays no NI or tax, which means that they can make significant savings. Call us on 0800 088 7315 to find out exactly the level of savings that may be available if you join a Salary Sacrifice Childcare Vouchers Scheme.

Childcare Vouchers or Tax Credits?

- Families are always best taking a UK Tax and NI free voucher if it is offered to them on top of their salary.

- Families will generally benefit from a childcare vouchers scheme when the amount of their qualifying childcare costs are greater than the current childcare limits.

- Generally, UK families who are receiving tax credits at the family element or less when they are claiming for the childcare element in Working Tax Credit will be best claiming the tax and NI exemption.

- Families receiving tax credits at a level greater than the family element will not normally gain from claiming UK tax and NI exemptions unless the person in the Salary Sacrifice Childcare Vouchers Scheme is a higher rate tax payer.

- UK Families receiving Salary Sacrifice Childcare Vouchers from their employers cannot then claim the childcare element of Working Tax Credit on the same costs.

Call Early Years Vouchers NOW for information about Salary Sacrifice Childcare Vouchers.

Tel: 0800 088 7315

Salary Sacrifice Childcare Vouchers by Early Years Vouchers.

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