what you, as an employer, need to know
about salary sacrifice childcare voucher schemes
Every parent working for your company can benefit from childcare vouchers for their children.
   
A child qualifies for childcare vouchers up to 1st September following their fifteenth birthday (or if disabled their sixteenth birthday).
   
You can download a pdf of a checklist detailing all childcare voucher Scheme conditions for employers by clicking here.
   
Both parents can qualify for tax-free childcare vouchers up to the value of £2,915 per tax year, regardless of the number of children.
   
childcare Vouchers will be tax and NI free up to a value of £2,915 per working parent. That’s £5,830 worth of tax free childcare if both parents are working.
   
Offering this to your employees, in return for a salary sacrifice to that value, will mean they can benefit from a cash-in-hand increase of over £75 per month.
   
As this extra money is tax-relief, it’s a salary increase that need not add another penny to your overhead.
   
And it need not even cost you a penny to administrate – if you bring in the professionals at Parentbond to do it for you.
   
Choosing a Parentbond Salary Sacrifice Childcare Voucher Scheme for your staff will have no negative impact on your overhead!
   
Because childcare vouchers are exempt from National Insurance, your company also makes a saving by running a childcare voucher scheme.
   
Parentbond takes its fees from this NI saving – meaning your current overhead need not increase by a single penny for the implementation of the whole Parentbond scheme.
   
When your company takes on a Parentbond salary sacrifice childcare scheme, you, your employees and their chosen childcare provider will all have access to the Parentbond Helpline – helpful, friendly, expert advice on all aspects of childcare vouchers.