Help with Childcare costs
We know that child care costs can mount up, so we offer a childcare voucher scheme via salary sacrifice, allowing you to save money on tax and National Insurance. Potentially saving up to £77.75 a month (based on the full £243.00 deduction for a 20% tax payer)
The new Government tax free childcare scheme
The new scheme is being gradually rolled out to all parents by the end of 2017. Further details of registration and when you may be eligible can be found in the following link www.childcarechoices.gov.uk.
The Government have created a calculator which has been designed as a guide to assist you in making your decision regarding which scheme you should choose. The link to the calculator can be found here: www.gov.uk/childcare-calculator.
Please make sure you read all the information before deciding if the new or existing childcare schemes are right for you. The childcare voucher scheme will continue to run to employees already using the scheme, however, it will close to new applications from April 2018.