child care vouchers

Many employers and employees do not realise that they are losing out on Tax and National Insurance savings where employers fail to offer the Childcare Voucher Scheme to their employees.Our Nottingham and Richmond-based team of expert advisers can help you make the most of this.

Employer and Staff Benefits

Through the scheme employers can save up to £366 per annum per employee and improve staff retention through an enhanced staff benefits package. Employees can also save up to £1172 per annum towards child carer costs for nannies, childminders, nursery school fees and preschool playgroups.

No Ongoing Charges

Whilst some administration companies charge between 4% - 8% of the childcare voucher benefits, for a small up-front payment Adcock Financial’s advisers can show firms of between 1 and 50 employees how to implement the childcare voucher scheme themselves, avoiding ongoing administration charges. Key Features

£55 per week, per parent available to offset against childcare costs, tax- and NI- free*
Full support provided during the childcare voucher scheme set-up
Parent can claim at same time as Child Tax Credits **
Available to parents with children up to almost 16
Child carer must be ofsted registered but is not restricted to pre-school care and can include holiday/after/before school clubs etc***

* Childcare voucher scheme must be offered to all existing and new staff
** This may not be advantageous in some circumstances when claiming more than the family element of child tax credits per annum
*** Cannot be used when relatives are carers unless ofsted registered

How to find out more

To find out more about our childcare voucher scheme service, contact our expert advisors at our Ravenshead office in Nottinghamshire on 01623 490120 or our Richmond office in Surrey on 02089 732410.