Working parents can benefit from significant tax and NI savings of up to £933 per year using childcare vouchers, and up to double the amount if both parents are part of a childcare vouchers scheme.
To benefit from the scheme, parents simply exchange a part of their salary for the same amount of childcare vouchers and use them to pay their childcare fees.
Each parent can request up to £243 a month – or £55 per week – in childcare vouchers; this value is non-taxable and exempt from National Insurance contributions.
Speak to your employer to find out if they currently offer childcare vouchers; if not ask them to get in touch with a voucher provider today.
At Bumbles we accept all childcare vouchers, if your employer uses a company we are not registered with, this can be set up in a few hours.
You can read all about help towards childcare here.