Childcare vouchers

HR Support

Tax efficient childcare

Childcare voucher schemes are a Government initiative aimed at helping working parents.

Employees can save up to £55 a week or £243 a month in childcare vouchers, free of tax and national insurance.

By swapping taxable salary for tax-free childcare vouchers, each parent can save up to £1,196 a year.

Childcare voucher schemes:

• Help attract and retain high quality staff
• Make it more financially viable for mothers to return to work after maternity leave, reducing the costs of staff turnover
• Complement your existing employee benefits package and help you be a family-friendly employer
• Boost morale
• Help your bottom line, by saving you up to £373 a year per scheme member on employer national insurance

BHSF’s partner for childcare vouchers provides a simple and easy administration system which employees can manage themselves.

Their administration fee is one of the most competitive in the marketplace at just 2.5%; and as an ethical provider, they donate at least 5% of all profits to charities relating to children and childcare.

If you are interested in setting up a childcare voucher scheme or are looking to review your current provider, call 0121 629 1218.

Request further information today or call 0121 629 1218.