Childcare Vouchers (CCV) are great way to make your employees’ pay to go further by saving tax and NI on the cost of childcare.
The sums add up
CCV are a Government-approved, tax-efficient way of paying for childcare for children up to the age of 15. Basic Tax rate employees can exchange up to £243 a month (£55 a week) of gross salary for childcare vouchers. So if your employees have children that attend a registered child-minder, nursery, play scheme or out-of-hours club, they could be making significant savings!
No more sleepless nights!
Well, not because of poor scheme adoption anyway. We can help you promote the scheme with simple, easy to digest communication. Employees quickly learn about the scheme, how it works, how to get their vouchers, and how much it will cost each month.
It’s as easy as 1 2 3.
Gross salary used to buy the childcare vouchers is tax-free and NI exempt which means parents can save up to £933 a year (£623 for higher rate tax payers). The vouchers can be used for Ofsted registered nurseries, carers, au pair, tutors, out of school clubs and holiday camps, for regular care or in the holidays
Enrol your employees today!
Complete the form and we will show you why our scheme is the easiest to create, promote and manage, so you can get started today.
“Cycle to work is a great example of a benefit that our employees really want, delivered and administered successfully. Employees can access the portal on the move when they want to, and do just that. The feedback has been very positive”
Regina McEvoy | UK Benefits Manager | Thomson Reuters