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Parents area
Our childcare salary sacrifice guide
Your employer may offer childcare vouchers under a salary sacrifice scheme. At present, the HMRC rule allow up to £55 per week or £243 per month of your pay to be given up, in return for childcare vouchers been given, to the same value.
The voucher you receive is tax and NI free, whereas the salary you have given up would have been included in your annual tax and NIC deductions. So, by accepting childcare vouchers, you make immediate tax and NI savings, up to * £920 per year. * basic rate
