CHILDCARE VOUCHERS VS. TAX-FREE CHILDCARE

Give your working parents childcare choice before the March deadline.

Employees who pay for childcare can save up to £933 a year thanks to childcare vouchers. But the introduction of the Government backed Tax-Free Childcare (TFC) means that childcare voucher schemes close to new parents in April 2018.   

How does this impact the parents in your workplace?

CHILDCARE VOUCHERS:

  1. - For children from birth to 15 years old, or 16 if disabled
  2. - Saving of up to £933 per year
  3. - Both parents can take part meaning double savings available
  4. - No minimum earning limit (NMW/NLW applies)
  5. - No income limit (NMW/NLW applies)
  6. - Available to single parents or couples with one working parent
  7. - Opted in parents can add additional children to the scheme after April
  8. ‚Äč- Parents can opt out and join TFC in the futur

TAX-FREE CHILDCARE:

  1. - For children from birth until 11 years old, or 16 if disabled
  2. - Up to £2,000 per child or £4,000 per disabled child
  3. - Must be earning £120+ per week to be eligible
  4. - Available only to parents who earn under £100,000
  5. - If a couple; both parents must work a minimum of 16 hours per week
  6. - Eligibility to be re-confirmed every 90 days
  7. - Cannot opt out and join a childcare voucher scheme in the future

CHILDCARE VOUCHERS GIVES THE BEST VALUE TO:

  1. - Lower rate taxpayers with childcare costs of £9,336 or less per year
    - Families with one working parent
    - Parents who earn over £100,000
    - Parents looking to save on childcare costs from 12 to 15 years old

GIVE CHILDCARE CHOICE:

Let your employees choose the childcare option that is the most beneficial to them. Introduce care-4, the UK’s leading childcare voucher scheme to your workplace before it’s too late.
 
You have until the 1st March 2018 to sign up to care-4. It takes 10 minutes and can be rolled out to your workforce in hours. To save after April 2018 employees need to register by 10th March and have made a payment from their salary and into their care-4 account before 5th April 2018. Don’t miss out - sign up to care-4 today.

As well as putting £££s back in your working parents pockets – your organisation will save with care-4 too. For each employee in the scheme, you will make up to £402 in National Insurance savings. Don’t miss out on the opportunity to offer an employee benefit that positively impacts your workplace and workforce.

SIGN UP NOW