What exactly are childcare voucher schemes?

 

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What exactly are childcare voucher schemes?

Childcare voucher schemes are a method of using a Tax and NI free way to meet all, or some, of your childcare costs

Using childcare vouchers supplied to you by your employer is a simple and easy way to pay for childcare with Tax and NI free funds, it makes childcare more affordable.

It is a non taxable benefit as part of your benefits package

You request the childcare vouchers from your employer who processes the request through payroll, enabling the amount to be Tax and NI free.

Salary sacrifice, salary addition and flex benefits packages are normally the way the vouchers are accounted for.

It is a very flexible system.

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