Currently, each parent or legal guardian can receive Childcare Vouchers, which are non-taxable and exempt from National Insurance up to £55 per week (£243 per month)

Type your Gross Monthly Income and Monthly Childcare Cost into the boxes and select Update.
Select if you are paid monthly or weekly.
Monthly Weekly
Gross Monthly Income
£

Tax and NI are calculated as follows:

Monthly Childcare Costs
£
NI Saving £26.73
Tax Saving £48.60
Total Saving £75.33
Tax NI
Basic Rate Taxpayer 20% 11%
Higher Rate Taxpayer 40% 1%

Employee Saves £904 per annum
 
The calculation includes Standard Personal Allowances

The current Income Tax and National Insurance exemption apply to childcare vouchers requested up to £55 per week or £243 per month.
 
This calculator gives general guidance, it does not include calculations for minimum wage and should not be treated as a complete and authoritative statement of law.

Figures are effective from 6th April 2008.