Childcare vouchers
Childcare vouchers are becoming increasingly popular, offering you a more tax efficient method of payment. The schemes are usually operated through a salary sacrifice arrangement through your employer.
In simple terms this means that by taking salary in the form of vouchers parents can save on National Insurance and tax, and employers make savings on Employer NI.
Savings can be up to £1,195 per parent and up to £373 per employee to an employer per year, (depending upon your circumstances). Check with your employer to see if they operate a childcare voucher system or see one of the sites below for further information. www.sodexho.co.uk www.busybeesvouchers.com
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