On 6 April 2005, the government implemented new tax and NI contribution
exemptions to encourage companies to assist their employees with childcare fees.
By offering a childcare voucher scheme, employees are able to receive £55 a week
(£243 per month) in childcare vouchers which will be exempt from tax and NI. The
amount paid out by a company in childcare vouchers is also exempt from employers' NI
contributions.
This enables employees to save over £1100 per year, if both parents join the
scheme savings of over £2200 can be made! It also enables employers to save up
to £300 per year for every employee taking childcare vouchers on the scheme.
Why use Fideliti?
Fideliti is a privately owned company working on a national basis. We are a team
of dedicated professionals with experience and expertise in HR, IT, Payroll and Childcare Vouchers.
Our aim is to provide a quality customer orientated service tailored to your
company’s needs. We will work with you to provide your employees with reduced
childcare costs at the same time as allowing your company to make considerable
NI cost savings.