Childcare Vouchers
What are childcare vouchers?
Childcare vouchers are a government initiative to help working parents
pay for childcare such as childminders, nurseries and play schemes.
Parents and their employers will benefit from running a childcare voucher
scheme:
- Parents save money because childcare vouchers are exempt from tax
and National Insurance. The maximum yearly saving is £1,195 per parent,
so if both parents take childcare vouchers they can save up to £2,390 a
year on childcare costs.
- Employers will pay a lower amount of Employer National Insurance,
saving up to £373 for every employee on the scheme.
To implement a childcare voucher scheme, employers simply sign up their
organisation and then place an order for their participating employees each
pay period.
There are websites which contain everything necessary to implement a childcare
voucher scheme, often with step-by-step instructions and access to an online
voucher ordering system.
http://www.childcarevouchers.co.uk
