Great News for EmployeES
If you are an employee who spends part of your earnings on childcare, you can save money by using Educare Childcare Vouchers.
You will currently be paying for your childcare out of your net income, after having paid income tax and national insurance contributions. Your income tax can be as high as 40% and your national insurance contributions as high as 11%.
Did you know that by using Educare Childcare Vouchers you can significantly reduce your Income Tax and National Insurance contributions.
Employees can save up to 40% income tax and up to 11% national insurance on pay taken in the form of childcare vouchers.
All employees who pay for qualifying childcare are eligible to receive part of their pay in the form of childcare vouchers. Up to £55 per week or £243 per calendar month paid in this way, will be completely free of income tax and national insurance contributions. There is absolutely no cost to the employee wishing to take advantage of this scheme. Click here to contact us for more information or to receive an information pack. |
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