Time is running out to start your Childcare Vouchers scheme

The government are closing the Childcare Vouchers scheme to new entrants (parents wanting to join the scheme) from 6th April 2018. This is because they launched a new scheme called Tax-Free Childcare (TFC) which changes the package of financial support it offers to working parents.

Many families stand to lose out under the new scheme and will be financially better off joining, or staying on the Childcare Vouchers scheme. But time is running out.

For new joiners, the employee needs to be in receipt of their first vouchers on or before 5th April 2018. For a majority of organisations, this will be the March payroll period.

Key Facts

  • Anyone who joins your Childcare Vouchers scheme before this date can continue to benefit from the savings for as long as they stay with the same employer, or their child is eligible*
  • Employers will also continue to benefit from up to £402/year savings in employer NI for every parent that stays on your scheme beyond this date
  • Parents cannot benefit from the tax and NIC savings via the existing Childcare Vouchers scheme and the savings from the new TFC scheme at the same time

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 →

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.