|
Many employers now understand the value of supporting
working parents with initiatives such as flexible working and
childcare. At the Kent Children's Information Service we have been
working with employers to make sure they have or are developing
'family friendly' working practices.
As a result, many employers are now offering childcare
vouchers.
Childcare vouchers
It is now cost effective for employers to offer childcare
vouchers to their working parents. Childcare vouchers up to £55 per
week are exempt from National Insurance Contributions (NICs) for
employers and from tax and NICs for each employee.
Savings of over £800 per year!
This means that employees can save over £800 per year if they
are a basic taxpayer and over £1,000 per year for higher taxpayers.
This can double if both parents have access to a childcare voucher
scheme.
For more information about childcare vouchers you can visit the
following websites. Each have information for employers and
employees about the benefits of a childcare voucher scheme.
(these links open in a new window)
Daycare Trust
Financial Services Authority (FSA)
HM
Revenue and Customs
Paying for
childcare |