Budget Update 2008 - How does it affect childcare vouchers?

Following the Chancellor’s 2008 budget statement, the weekly tax and NI exempt amount for Childcare Vouchers will remain at £55 per week (£243 per month).

However, there have been some other changes that may have an effect on the potential savings for individual parents. If you are an Accor Services client, from April your employees will be able to calculate how much they will now save by visiting our Tax Credit Estimator.

For the 2008/09 Income Tax allowances, National Insurance Contributions and Child and Working Tax Credit rates view the Budget 2008 update from HRMC.