The HR Forum

New Childcare Vouchers Scheme

Posted by Agata Chudek on April 22, 2015 at 6:02pm in Reward & Recognition

Hey allI was wondering whether anyone has some expertise knowledge re. the new childcare voucher scheme? I have an employee who asked for advice whether she will be better off with the current or new scheme as her husband is self-employed. I believe the new scheme is more beneficial for her since it looks like under the new scheme, in the case of a parent claiming the full £10,000, he or she will pay £8,000, while the government will give a £2,000 subsidy. Under the current, scheme, because she is the only parent employed, they would be saving up to £243 a month. The saving in tax and national insurance contributions adds up to £933 a year.....I am not sure whether it is correct though, has anyone looked into it?Agata

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Replies

Sarah Loates April 24, 2015 at 8:54am

Hi Agata

Thanks for the post I have posted a link below which may help. This is an area where it can get a bit tricky so let's hope someone who has experience of this will post. I hope this helps in the meantime.

http://www.childcarevouchers.co.uk/employers/how-it-works/tax-free-...

Regards

Sarah