Information for Employers
What are childcare vouchers?
Childcare vouchers are a Government-supported scheme, designed to make childcare more affordable for working parents. Employers typically provide childcare vouchers through salary sacrifice, with employees receiving their vouchers instead of part of their salary.
What are the financial benefits?
Childcare vouchers are free from tax and National Insurance. So, when parents exchange part of their salary for childcare vouchers, they enjoy automatic savings in tax and National Insurance. For many parents, these savings amount to hundreds of pounds a year.
There are also clear financial benefits for employers, as childcare vouchers are exempt from employer National Insurance. By implementing a salary sacrifice scheme, employers can save up to £402 a year for each scheme member.
Why offer childcare vouchers?
As well as saving money for parents and employers, childcare vouchers can:
- Help you to attract and retain high quality staff
- Make it more financially viable for mothers to return to work after maternity leave, reducing the costs of staff turnover
- Complement your existing employee benefits package and help you to be a family-friendly employer
With such high savings available for parents, childcare vouchers are understandably a popular employee benefit. With fast scheme set-up and a fully-managed service offered as standard, KiddiVouchers provides an easy and effective way of enhancing your employee benefits.
How much does it cost to run a scheme?
Our standard administration fee is just 3.5% of the vouchers issued. We provide an all-inclusive service, with no hidden charges, no minimum fees and no tie-ins. We also offer a price-match promise, for your peace of mind.
To register for a KiddiVouchers childcare voucher scheme, click here or call us on 0800 612 6110. Or, for an overview of our service and a handy checklist to compare us to other childcare voucher providers, please visit our childcare voucher market challenge.
