Childcare Vouchers from Busy Bees
Home arrow Parents Info arrow How Childcare Vouchers Work? Monday, 12 May 2008


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How do Childcare Vouchers Work?


Childcare Vouchers can only be requested if your employer has agreed to take part in a Childcare Voucher Scheme.  

Under the Childcare Voucher Scheme, parents can request up to £55 per week (£243 per month) in non-taxable and exempt from National Insurance Contribution Childcare Vouchers.

parent2.jpgParents make the saving by entering a ‘salary sacrifice’ agreement with their employer. Working parents ‘exchange’ part of their gross salary before tax and National Insurance deductions, requesting up to the cap value £55 per week (£243 per month) in Childcare Vouchers.

Childcare Vouchers are available to both basic and higher rate tax payers.

Requesting Childcare Vouchers can offer families potential savings of up to £2392* per family per annum.

The Vouchers can then be used to pay for your childcare for  children from 0-16 years old, including; Day Nurseries, Childminders, Before & After School Clubs, Holiday Schemes, Nannies and even Au Pairs.


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 *Subject to individual circumstances

 

 

 

 


 

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