Changes In Childcare Vouchers
Posted: Friday June 8 2018
By: Banner Jones
One of the most common struggles for working parents is childcare, and the expense of private childcare is often at the top of that struggle.
Changes In Childcare Vouchers 2018
Many employers now provide access to a childcare voucher scheme where working parents can save up to £933 per year, per parent for care for children under 16. These schemes work via salary sacrifice in which the working parent has a contribution taken directly from their gross salary and paid directly in to the scheme. There are a variety of schemes available but from the 4th October 2018, childcare voucher schemes will be unable to take new applicants. Existing schemes can remain in force and existing applicants can continue to use the schemes.