Computershare Salaryextras
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CHILDCARE SCHEME

Valuable all round

Childcare costs are one of the largest monthly outgoings for families with young children. The Family and Childcare Trust’s recent survey found that most parents buying full-time care are spending 20-30% of their gross income on childcare. Childcare vouchers are a great way for you to help your working parents with these costs and support mothers returning to work after their maternity leave.

Your employees can pay for the vouchers out of their gross salary (saving on their tax and NI contributions) and then use them for all kinds of registered childcare for their children up to 16^ years old, including day nurseries, nannies, au pairs, crèches, childminders, out of school clubs, holiday schemes, activity clubs and more. A real way of helping your employees make significant savings on their childcare costs, and a real way for you to cut the costs of your own NI contributions, this is a popular employee benefit that’s valuable all round.

CVPA

Computershare Voucher Services is a founding member of the Childcare Voucher Providers Association (CVPA). Collectively, the members of the CVPA process over 80% of the transactions in the childcare voucher sector.

Tax-Free Childcare

You’ll continue to benefit from Employer’s National Insurance (NI) savings as long as your childcare scheme operates, even after TFC launches in 2017.

We’re committed to managing your scheme for as long as you have employees registered on it. We’ll also help you keep parents on your scheme as long as it is beneficial to them (which will help save you money too!).

Please click on the icon below for more information.

Valuable to you

  • You can save Employer’s NI contributions (usually 13.8%)
  • Builds your reputation as a family-friendly company
  • Our team will help you increase parent take up so you save more
  • You can transfer your existing scheme over to us
  • We partner with Working Families and Family and Childcare Trust to help you promote family-friendly practices

Valuable to your employees

  • Reduces one of the largest costs for families with young children
  • It’s a salary sacrifice scheme, so they save up to £933* per parent in tax and NI each year on their childcare costs
  • They can use vouchers for children right up to age 16^
  • Covers a range of pre-school settings, as well as term-time ‘wrap-around care’, and school holiday childcare

* Assumes Basic rate taxpayer taking the full £243 voucher value each month
^ 1st September following 15th birthday (or 16th birthday if registered disabled)