Great News for Employers

Did you know that by using Educare Childcare Vouchers you will reduce the cost of national insurance contributions to your company and will also reduce the income tax and national insurance contributions paid by your employees?

Your employees will presently be paying for their childcare out of their net income, after having paid income tax and national insurance contributions. As their employer, you will also be paying national insurance contributions on your employees’ earnings. This employer contribution is at the rate of 12.8% of employees’ earnings.

Employers can save 12.8% in the pound on payroll costs and 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, is completely free of income tax and national insurance contributions. Click here to contact us for more information or to receive an information pack.

© 2008 Educare Nursery Vouchers Ltd - a wholly owned subsidiary of Childcare Options Ltd