So my work is in the childcare voucher scheme. I’m assuming I will be able to claim £243 per month. If I have understood correctly, they will deduct £243 from me every month before tax and NI. For example I earnt £2367 before tax and NI in my last working month. If I need to pay £400pm childcare, how much is this going to save me over a year? I assume I put the rest of the cost out of my remaining wage. Thank you
Both parents can join the CCV scheme. In DH’s case, he set it up for his employer. So the cost of childcare above the £243 of yours, could come from your partner (assuming they are working) . Obviously, above that just needs to come from salary.