Got kids and fancy saving over a grand a year?

Childcare voucher scheme that could save you money

4 July 2006 6:54 GMT / By Stuart Miles

How do you fancy saving up to £1196 a year? If you are a working parent with children under the age of 16, you could be eligible to request Non-Taxable and Exempt from National Insurance Contributions Childcare Vouchers up to the value of £55 per week (£243 per month).

Acknowledged as a recognised payment method for childcare, the childcare vouchers are accepted by most registered childcare providers in the UK.

The good news is that if you can get your employer to pay you some of your salary with vouchers you don't have to pay NI or tax on them.

This means that if you earn over £34k and spend over £243 on childcare you'll be better off by over a grand.

The Childcare Vouchers can be used to pay for the following forms of registered childcare; day nurseries, childminders, before & after school clubs, au pairs and even holiday clubs for school age children.

One such company that offers the vouchers is busybees. For more information visit busybeesvouchers.com

Full tags

Dad, Childcare, BusyBees