Childcare vouchers - how do you work out how much they save you?

[PuppyLoves]

How do you work out how much they save you and thus how much childcare is actually costing?

I haved always seen it as the tax and NI you save on £243 which is the max monthly allowance. I would calculate tax and NI on that sum as approx £60 a month (and very approx) so for me that equates as a free day a month or two free days if there are 2 of you both claiming the allowance.

I'm not an expert but as these are Salary sacrifice you should also take into account anything else that is based on your salary percentage-wise, such as pension contributions, annual bonuses etc - which will end up lower.

Thanks wasabipeanut

I am thinking of putting dd into a nursery when she is 2, which will allow me to work extra hours. I only need her to go PT a couple of times a week and I'm trying to work out how much it will cost but its so confusing.

You need to work out whether the loss of pension is worth it. We did the vouchers for a year and realised it was not worth it