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?

[Highlander]

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

[PuppyLoves]

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.

[PortofinoLovesItUpTheOxoTower]

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.

[wasabipeanut]

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.