Childcare vouchers

[Lolasmum]

Hi,

I'm trying to persuade my employer to offer childcare vouchers in exchange for a salary reduction (a £50 a week voucher wold save me £850 in tax and NI payments a year as of next April!) Obviously this will be a benefit for me. But, does anybody know if there are any benefits for the employer? (apart from keeping staff happy). If there are any benefits for the employer it would help my case. When I previously pestered HR they said it was company policy not to issue them. Our HR rep has changed so I'm going to start badgering them again!

Any tips / comments would be greatly appreciated!

Yes - the company don't pay employers NI on the vouchers either (so that's up to 12.8% of £50 per week - or up to £6.40 per week, per employee). So while it doesn't save them as much as it does you, it's still a saving (although the voucher providers do make a charge, it's less thatn the NI saving). The Daycare Trust have a employers factsheet which might help you. There are som case studies on the Accor site too, which you could plunder for "arguments for".

Thanks! The way my employers work, there needs to be some financial incentive for them.