HMRC Calculator

To find out the impact of Childcare Vouchers and tax credits, please refer to the HMRC's calculator below:

Childcare Vouchers and tax credits - better off calculator

Below is a quick guide to savings you may be able to achieve, for up-to-date and bespoke calculation for your particular circumstances, please use the HMRC calculator by clicking the link above.

Status  Annual Tax exempt amount*  Savings*

Basic rate (contracted out)
20% tax 10.6% NI
 £2,916  £892

Higher rate category
40% tax 2% NI
 £1,484  £623

Additional rate category
45% tax 2% NI
 £1,325  £623