Some employers offer a childcare allowance or vouchers as part of a ‘salary sacrifice’ scheme to make childcare more affordable for working parents. Childcare Vouchers are a government-initiated scheme available from employers for working parents to use to pay their childcare costs for children up to the age of 16.
Parents are able to request up to £243 per month to be deducted from their salary in exchange for vouchers to use against their childcare costs. As Childcare Vouchers do not attract tax and National Insurance contributions, working parents can save up to £933 per year, or nearly £2000 a year if both parents in a household are part of a scheme.
It is worth asking your line manager, personnel or human resources department whether your employer runs a scheme like this. If your employer is not currently offering childcare vouchers, or the scheme they are offering is not meeting your requirements, please contact Co-operative Employee Benefits with details of the best person to speak to and they will do the rest!
Call: 0800 458 7929