Time is running out to start your Childcare Vouchers scheme

The Childcare Vouchers scheme is due to be closed to new entrants (parents wanting to join the scheme) on October 4th 2018. This means that, for new joiners, the employee needs to have had their first wage adjustment and be in receipt of vouchers before midnight on 4th October 2018 – for a majority of organisations, this means the September payroll period.

This is because last year, the government rolled out a new scheme called Tax-Free Childcare (TFC) which changes the package of financial support it offers to working parents. Families cannot benefit from the savings from Tax-Free Childcare and Childcare Vouchers at the same time.

Many families stand to lose out under Tax-Free Childcare and will be better off joining, or staying on the employer administered Childcare Vouchers scheme. But time is running out.

Key Facts

  • Anyone who joins the Childcare Vouchers scheme before this date can continue to benefit from the savings for as long as they stay with the same employer, their child is eligible*, and they have had a wage adjustment and received vouchers within the last 12 months.
  • Employers will also continue to benefit from up to £402/year savings in employer NI for every parent on your scheme
  • Once an employee has left Childcare Vouchers to move to TFC, they cannot rejoin

Don’t miss your last opportunity to lock in the long term savings for both your business and your employees. Give them the opportunity to make the best decision for their families by setting up your Childcare Vouchers scheme today.

Want to find out more?

Download the Employer's Guide to Childcare Vouchers & Tax-Free Childcare here →

*Eligibility will end 1st September after the child's 15th birthday, or 1st September after their 16th birthday if they are disabled

Employers – don’t miss out, start your Childcare Vouchers scheme now, send an online enquiry here  

Or give us a call on 0333 2201 586

How can we help? 

Employers - don’t miss out, start your Childcare Vouchers scheme now call us on 0333 2201 586 to get set up in as little as 35 minutes.