Designed and produced by SH-Advertising
©2007 Cedars Nursery
New tax incentives on salaries make childcare more affordable.
As more and more employees understand the new Voucher Scheme and Salary Sacrifice Scheme, they are asking employers to assist in the cost of their childcare.
Basically two newer options are now available to parents to add to education grants received when a child reaches 3+.
The Voucher Scheme and the Salary Sacrifice Scheme.
Both of these schemes have the same net effect of saving tax payers both Tax and NIC on £55 worth of childcare a week, per partner ie. £110 a week total. For a standard rate tax payer, this is between £15 - £18 per £55.
The employer too saves on NI Contributions on both schemes.
Whilst there are some other details that you need to be aware of these are the main areas.
The Cedars Nursery is now set up to take either Salary Sacrifice or Vouchers and due to our ability to 'Direct Debit' these schemes makes them very popular with employers.
Full details can be seen by downloading our FACTSHEET below or by calling Stewart Hindmarsh on 0191 564 0300.
Thank you!
Childcare Vouchers and Salary Sacrifice:
