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Childcare vouchers - as an employer

(6 Posts)
Katymac Tue 10-Nov-09 11:18:50

OK I have 1 employee who would benefit from these vouchers

I know they are running out but if she could benefit for even a short period of time it would be worth it

She claims Tax credits for childcare so would it worth setting up the scheme for her?

YorkshireRose Tue 10-Nov-09 11:32:53

Some employees who claim tax credits can be worse off with childcare vouchers due to the salary sacrifice - they need to check it out with their tax office.

Apart from that, definitely worth setting up the scheme - voucher companies usually take care of all the paperwork so easy to administer. The employer gets a saving on the employers NI as well.

Bramshott Tue 10-Nov-09 11:40:36

You don't have to use vouchers and a voucher company to run the scheme. You can just deduct from salary and pay directly to their childcare provider.

Katymac Tue 10-Nov-09 11:56:12

Would it be more complicated as I am the childcare provider?

Bramshott Tue 10-Nov-09 14:29:46

Hmm, I don't know, sorry KatyMac.

Katymac Thu 12-Nov-09 08:08:42

Hmm we have messed around with it & we think she is better off with Tax credits - I wish there were a way to make sure

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