Childcare Voucher Providers and Scheme Managers
In April 2005, The Government introduced a Childcare Vouchers scheme to help support working parents. The scheme means that companies can offer employees childcare vouchers as part of their salary Free of Tax and National Insurance. Each Parent can save up to £904 per annum (or up to £1195 per annum for higher rate tax payers). Employers can save up to £373 per employee per year in NI contributions. Childcare Vouchers can be used to pay towards childcare costs for children up to the age of 15 at Childminders, Nurseries, Breakfast and After School Clubs, Boarding Fees and Holiday Clubs.