The Childcare Voucher scheme has been able to provide a positive benefit to a number of parents in our organisation.

Rachel Street
Ofsted

 

Time is running out to start your Childcare Vouchers scheme


The government are closing the Childcare Vouchers scheme to new entrants (parents wanting to join the scheme) on 4th October 2018. This is because they launched a new scheme called Tax-Free Childcare (TFC) which changes the package of financial support it offers to working parents.


Many families stand to lose out under the new scheme and will be financially better off joining, or staying on the Childcare Vouchers scheme. But time is running out.

For new joiners, the employee needs to have had their first wage adjustment and be in receipt of vouchers before midnight on 4th October 2018 – for a majority of organisations, this means the September payroll period.

Key facts

  • Anyone who joins your Childcare Vouchers scheme before this date can continue to benefit from the savings for as long as they stay with the same employer, their child is eligible**, and they have had a wage adjustment and received vouchers within the last 12 months
  • Employers will also continue to benefit from up to £402/year savings in employer NI for every parent that stays on your scheme beyond this date
  • Parents cannot benefit from the tax and NIC savings via the existing Childcare Vouchers scheme and the savings from the new TFC scheme at the same time

Don’t miss your last opportunity to lock in the long term savings for both your business and your employees. Give them the opportunity to make the best decision for their families by setting up your Childcare Vouchers scheme today.

Want to find out more?

**Eligibility will end 1st September after the child’s 15th birthday, or 1st September after their 16th birthday if they are disabled

Employers - Enquire online here 

Or give us a call on 0843 453 4406*


 
 

Employers start a scheme

Employers guide downloand

go to the FAQs

*Calls cost 5p per minute plus your phone company's access charge.