The Childcare Voucher Scheme was closed to new entrants in September 2018, but remains in place for existing users. The scheme is a particularly popular tax-free benefit, offering a great way to support working parents by helping each of them to save up to £78 per month.
Whether offered fully online, paper based or a combination of both, Fair Care’s scheme is the most flexible on the market. Service levels are second to none, with a dedicated help team on hand to take care of all administration and queries.
Every scheme is personalised to the employer’s requirements with all communication and marketing materials individually branded. Participating employees benefit from Fair Care Plus, a wide range of exclusive discounts on childcare related products, as well as access to a 24/7 parental support service.
How do I pay for the benefit and what are my savings?
The value of the vouchers is conveniently deducted from gross salary on a monthly basis, via a salary sacrifice scheme. Employees benefit from savings in tax and national insurance on the voucher value (32% for a typical base rate taxpayer, 42% for a typical higher rate taxpayer).