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Companies can offer
childcare vouchers for childcare services to any parents on their staff. |
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As the childcare vouchers are tax exempt, you could
benefit from an extra £75 per month in take home pay
in return for a salary sacrifice. |
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A child qualifies for childcare vouchers up to 1st
September following their fifteenth birthday (or if disabled their
sixteenth birthday). |
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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. |
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So, a family is eligible for £5,830
worth of tax free childcare if both parents are working. |
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And this need not add a penny to your
company’s overhead! |
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As part of your employer’s Parentbond
scheme, you will receive childcare vouchers, preprinted with your details, instead
of salary to that value. |
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Parentbond childcare vouchers can be used for childminders,
pre-school nurseries, crèches, play schemes, after-school clubs
and holiday clubs. |
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You will be free to take the childcare vouchers
to the childcare provider of your choice. The childcare provider must
be registered with the government. |
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As part of a Parentbond scheme, you, your
company and your chosen childcare provider will all have access to
the Parentbond Childcare Voucher Scheme Helpline – helpful,
friendly, expert advice on all aspects of childcare vouchers. |
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