Childcare vouchers are an employee benefit for all eligible working parents in the UK. They’re a Government approved, tax-efficient way of paying for childcare. If you join the scheme you can exchange up to £243 a month of your gross salary for childcare vouchers.
Am I eligible for childcare vouchers?
- Childcare vouchers are for working families in the UK
- With children under 16 (or under 17 if disabled)
- Up to £933 a year in tax and National Insurance savings
- Usually offered via a salary sacrifice arrangement although some employers offer them on top of existing salary.
There are many childcare voucher schemes – ask your employer if they are part of one (e.g. Computershare, Sodexo, Edenred and many more).
Are childcare vouchers ending in 2018?
There was mention of these vouchers ending in March for new applicants (as tax-free childcare was set up to replace them). However, the scheme has now been extended for another six months so there’s still time to join. For eligibility please check your childcare choices here.
Our Nursery Fees page also shows a variety of funding options available (but it is not exhaustive). For an informal chat about how we can meet your childcare needs please contact us here or on 01636 378060.