Childcare Voucher Service PDF Print

Our Childcare Voucher Scheme ensures that all employees are eligible for the scheme in advance.  Did you realise that if the value of the vouchers takes an employee to below the minimum wage they cannot receive the vouchers?  Did you also realise that some employees in receipt of tax credits may actually be worse off in receiving the vouchers?  We can guide your employees to relevant information so they can make an informed decision about whether Childcare Vouchers will actually benefit them.

 

We also take care of the Salary Sacrifice Scheme, writing to HMRC on your behalf to confirm the details of the scheme (this cannot be done in advance), providing the relevant changes to the terms of employment, and vetting all childcare providers, ensuring they are correctly registered and approved.  We maintain a database of all providers and ensure that their registration is updated annually before paying vouchers.

 

The way the scheme works if you are not a payroll client of ours is we would provide you with details of how to administer the scheme through your own payroll system.  You would send us a list of the employees in the scheme, and pay the value of the required vouchers to us. We then issue the vouchers to your employees (each voucher with an individual serial number) who use these to pay their childcare provider.  The Childcare provider then sends the vouchers to us and we pay the provider directly.

 

The price we charge for administering the scheme is 2.5% of the value of the vouchers plus 50p per employee for non-payroll clients and 25p per employee for existing or new payroll clients.

 

Childcare vouchers are an excellent benefit for your staff.  Can you afford to not provide them?