Tel: 0845 601 6020
Employers area
Our childcare voucher solution for employers
Under current Government strategy rules, Childcare Voucher Solutions are able to assist Employers to take advantage of the childcare tax/National Insurance Contributions (NIC) exemptions that make offering support to working parents, a popular and cost effective option.
This means:
- Employees pay no tax or NIC on the amount of childcare support received
- Employers pay no NIC on the amount of the childcare support given
For example, a Parent given £55 per week (£243 per month) in Childcare Vouchers after taking a salary sacrifice of the same amount, will then benefit by saving *£920 tax/NIC , as our Childcare Vouchers are exempt from tax and NICs. *basic rate
Employers payroll NIC savings will be around £402 for each employee in the scheme.
- Childcare Voucher Solutions will always implement and advise changes to current HMRC rules, and can amend or advise your HR or administrator of any Government these scheme changes.
Our practical support in the form of advice and guidance every step of the way also includes the administrative task of Voucher distribution - either by post to your employee at home, or by on-line methods of delivery. You may, of course, wish to distribute a voucher with your employee salary advice - the choice is yours.
