HOW CARE-4 ELECTRONIC CHILDCARE VOUCHERS WORK FOR EMPLOYERS
ARE YOU CURRENTLY OFFERING CHILDCARE VOUCHERS AND LOOKING TO SWITCH TO A NEW PROVIDER?
Good news, if you already provide a scheme you can join care-4 at any time and move your existing participants seamlessly.
Once you have registered to offer childcare vouchers, any existing participant of your scheme can be moved to us and have the amount of pre-tax salary that they agreed to receive for childcare vouchers, paid into their care-4 account.
They can continue to save through the care-4 scheme until 1st September after their child's 15th birthday (or 16th birthday if they have a disability) or until they are no longer eligible.
Please Note: If you do not currently offer childcare vouchers to your employees, unfortunately, due to a change in Government legislation, care-4 is now closed to new joiners.
A reminder of the savings available:-
Up to £55 a week is exempt from income tax and National Insurance Contributions (NIC).
- Employees can make a maximum monthly contribution of £243* to their care-4 account, saving up to £77.76 per month
- You can offset care-4’s running costs – and often more – with your annual Employer NIC savings of up to £402* per participating employee
*The value of childcare costs available to employees free of tax and NI and free of employer NI depends on the rate at which they pay tax:
Basic rate taxpayers can contribute up to £243 per month
Higher rate taxpayers can contribute up to £124 per month
Additional rate taxpayers can contribute up to £110 per month
ADDED VALUE BENEFITS
care-4 participants also have access to:
- a confidential 24/7 childcare helpline
- an emergency childcare website, enabling parents to find quality emergency childcare (some of which can be paid for using their care-4 account)
- childcare provider discounts (subject to availability)
SWITCHING IS EASY
If you wish to transfer from an existing provider, we can move your employees seamlessly from their existing provider. Not a problem.
If you do not offer childcare vouchers to your employees already, we are sorry to advise you that due to a change in Government legislation, care-4 is now closed to new joiners.
SIMPLE AND EFFICIENT
With care-4 you’ll have a market-leading benefit that’s up there with the biggest and the best, whatever the size of your organisation: simplicity, excellent service, and a positive user experience for your working parents.
If you have 1 to 1,000 employees, you can easily manage your childcare voucher scheme through our user-friendly care-4 admin site (priced at £49 per participating employee per year). You’ll have everything you need to quickly set up and run your scheme.
If you have over a thousand employees, we will provide you with a fully managed service, from set-up and registration processes to communications materials that support the transition of your scheme from your existing provider. If you offer the scheme outside a flex arrangement we can manage salary sacrifice documentation and any reporting that you need. We can also provide you with additional services, such as payment top-ups, and access to our discounted voucher shop.
Our fee structure for
large employers is based on the size of your organisation, the number of participants transitioning and the volume of funds handled, so please get in touch with us and we’d be very happy to calculate pricing for you, and provide any other information you may need.
SECURELY HANDLING FUNDS AND DATA
We have a well-earned reputation for providing exceptional service to employers, employees and carers. We ’re founding members of the CVPA (Childcare Voucher Providers Association), and hold ISO 9001 and ISO 27001 Information Security accreditation.
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