Extension of the Childcare Voucher Scheme | Reach Accounting Solutions

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Posted by karen on Tuesday, March 20, 2018

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Would you like help with childcare costs? Well, the Childcare Voucher scheme which was planned to close to new entrants from 6th April, has now been extended to be available to new applicants for a further 6 months. Therefore, there is still plenty of time for YOU AND YOUR EMPLOYEES TO BENEFIT.

Directors, remember that you can use the Childcare Voucher scheme yourself as employees. Childcare Vouchers can be used to cover the cost of qualifying after school clubs, etc not just nursery fees as you might expect.

Your business could save up to £403 in National Insurance per employee and the employee could save up to £933 in tax and National Insurance.

For further information regarding eligibility and administration of the scheme please visit http://bit.ly/2IEzZBN

Of course employees should consider whether the Childcare Voucher scheme or Tax-Free Childcare is better suited to their personal circumstances, as this will vary.