CHILDCARE VOUCHERS VS. TAX-FREE CHILDCARE

Give your working parents childcare choice before the OCTOBER 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 on 4th October 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 future

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 30th September 2018 to sign up to care-4. It takes 10 minutes and can be rolled out to your workforce in hours. To save after October 2018 employees need to have registered, been approved by you and made a payment from their salary into their care-4 account before 5th October 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
As you know, care-4, as part of the employer supported legislation, closed to new entrants on 4th October 2018. Since its closure, the CVPA have been overwhelmed with messages from parents and employers alike, many of whom have missed out on the vital support offered through these schemes.

That’s why today, the CVPA have launched a survey to understand the impact the closure has had on parents, employers, and childcare providers – so it would be great if the CVPA can hear your views and put them forward to government.  

To take part, click on the survey link that applies to you:- Employer, Parent (current user), Parent (not able to join/rejoin), Carer – it will take less than 5 minutes to complete and all responses will be kept anonymous.

If the scheme’s closure has affected you and you’d be willing to share your experience as a case study, you can get in touch with the CVPA by emailing cvpa@wacomms.co.uk, with the subject line Childcare Vouchers – my story. Your experience can be anonymised if you prefer.

Thanks for your ongoing support.

The care-4 Team