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Childcare Vouchers - an investment not an expense

  • Employees can each save up to  £99.63 per month on registered childcare through exemption from tax and National Insurance Contributions.
  • Companies which provide childcare vouchers for employees can save up to 12.8 % on the value of vouchers through exemptions from National Insurance Contributions ((on vouchers up to the value of £55 per week.)
  • This can mean savings of up to £370 per employee per year
  • As a not-for-profit organisation Employers For Childcare Vouchers ensure low administration charges - with no hidden costs

Examples

(under a salary sacrifice scheme)

  • Individual employee receiving £243 per month in childcare vouchers
  • Employee could save up to £99.63 per month (£1196) per annum
  • Employer could save up to £31.10 per month (£373) per annum
  • 10 employees each receiving £243 per month in childcare vouchers
  • Employer could save up to £311 per month (£3732) per annum
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Employers For Childcare is a registered charity, part-financed by the European Social Fund under the Northern Ireland Programme for Building Sustainable Prosperity and the Department for Employment and Learning.

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