Cost of Childcare continues to rise
The Day Care Trust have recently published the findings of their 2011 survey of Childcare Costs, and it is no surprise to any working parents that costs are on the up.
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Maximise Childcare Vouchers
"The great thing about Childcare vouchers is that they offer savings to both working parents and employers. As a result, parents can Maximise the benefit of going to work and employers can Maximise morale and retention. Great results from a simple to use scheme."
Childcare vouchers are a Government initiative designed to help working parents meet the cost of childcare. Working parents can be up to £933* per year better off by “swapping” some of their salary for Childcare Vouchers. The tax savings that can be made by having Childcare Vouchers are per employee, so if both parents work, a family could save £1,866 per year!
Employers benefit too, with savings of up to £402* per scheme member, as the Childcare Vouchers are not subject to Employer’s National Insurance Contributions.
The Childcare Vouchers can then be exchanged by the parents for the cost of Ofsted Registered childcare (such as Nurseries, Nannies, Childminders, Breakfast or After School Clubs, Holiday Schemes etc).
*Actual amount depends upon amount of vouchers taken. Figures correct as of July 2011.