Child Care Vouchers
What are child care vouchers?
Childcare vouchers are an employee benefit available to all eligible working parents
Launched in 1998, childcare vouchers are a scheme run by HM Revenue & Customs (HMRC).
They are 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.
The part of your gross salary you exchange for childcare vouchers is tax-free and exempt from National Insurance contributions (NI). Because of this, you can make savings of up to £933 a parent, a year.
Both parents can request childcare vouchers, giving a potential family saving of £1,866 a year!
They can be used to pay for a wide variety of childcare
All registered childcare settings can accept childcare vouchers as a method of payment for children up to the age of 16 including:
- · Nurseries
- · Nannies
- · Au pairs
- · Crèches
- · Childminders
- · Out of school clubs
- · Extracurricular activities
- · Holiday clubs or schemes
- · Activity holidays including Camp Beaumont, PGL and Super camps
- · Qualifying childcare offered by schools
See the HMRC website for more information.