There are great savings to be made for you and your family through the child care voucher scheme. Childcare Vouchers are exempt from Tax and National Insurance up to the value of £55 per week – this could save you up to £1,195 per year – or double that if both parents choose them. The exact amount you can save depends on individual circumstances in terms of how much tax you currently pay and how much you spend on childcare.
Yes, the scheme is available to all employees.
Childcare Vouchers can be used to pay for the care of children up to the age of 15 (until 1st September following their 15th birthday) or the age of 16 if they are disabled (until 1st September following their 16th birthday). In addition the child for whom the Childcare Vouchers are provided must be a child of the employee or a child who lives with the employee and for whom he or she has parental responsibility.
Childcare Vouchers can be used as full or part payment for the widest possible range of childcare options. To benefit from the tax and National Insurance exemption it must be a registered or approved form of childcare. This means that the childcare provider must hold either a current registration or approval certificate with one of the bodies listed below
Day nursery Nursery school Childminder Crèche Pre-school Nanny Au pair Out-of-school club Holiday play scheme
OFSTED (England) Childcare Approval Scheme (England) Over 7s quality assurance scheme (England) Local Health and Social Services Trusts (Northern Ireland) The Care Commission (Scotland) The Care Standards Inspectorate (Wales)