Childcare Vouchers from Busy Bees

 

Home Friday, 09 May 2008
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Childcare Vouchers for Teachers

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Following a consultation exercise, the Department for Education & Skills have announced that Teachers can take part in salary sacrifice schemes from June 2006. To reflect this, we have launched this extranet site as a source of information dedicated to teachers.


Are you making the most of Childcare Vouchers?

Childcare Vouchers allow working parents the opportunity to save tax & National Insurance on the cost of their childcare.

•   Higher rate taxpayers can save up to £1196* per annum per parent.
•   Basic rate taxpayers can save up to £904* per annum.
•   The scheme is available for children up to the age of 16 who use registered or 
     approved Childcare.
•   Both Parents can take part in the scheme potentially doubling the savingsSmall girl in purple 250wide.jpg

This includes: 

•    Independent Nursery Schools
•    Day Nurseries
•    Playgroups
•    Crèche
•    Holiday Clubs or Schemes
•    Before & After School Clubs
•    Registered Childminders
•    Nannies and Au pairs (approved)

 

Childcare Vouchers are non-taxable and exempt from National Insurance Contributions (N.I.C.) for employees and offer National Insurance reductions to employers.

Childcare Vouchers have become the recognised payment method for childcare. All eligible working parents, with children under 16, are entitled to Childcare Vouchers regardless of tax status.

Busy Bees have been involved within the childcare sector for over 25 years and currently supply more UK organisations with childcare vouchers than any other provider.

At Busy Bees we believe Childcare Voucher Schemes are win, win for both employees and employers.


*Subject to individual circumstances