The Edenred estimators are temporarily unavailable.
To find out the impact of Childcare Vouchers on tax credits, use HMRC's calculator:
Childcare vouchers and tax credits - better off calculator
The table below will give an indication of the savings available if you take the maximum amount of tax and NI exempt Childcare Vouchers:
|Basic rate (contracted out) 20% tax 10.4% NI
|Basic rate (contracted in) 20% tax 12% NI
|Higher rate in the scheme prior to 6th April 2011 40% tax 2% NI
|Additional rate in the scheme prior to 6th April 2011 50% tax 2% NI
|Higher rate category 40% tax 2% NI
As a guide if you earn above £45,391, you are likely to fall into the higher rate category. If you earn above £151,484, you are likely to fall into the additional rate category.