Chamber Childcare

Information

Changes to Childcare Vouchers from Autumn 2015

LAUNCH DATE SUSPENDED UNTIL EARLY 2017

The government will introduce a new Tax-Free Childcare scheme from Autumn 2015, giving parents a tax refund of up to 20% of childcare costs. Parents will be able to register for the scheme via the gov.uk website. However it is possible that the new scheme will leave many parents worse off.

The current employer led Childcare Voucher scheme can provide the basic-rate taxpayer with savings of up to 32% of childcare costs, Tax-Free Childcare only provides savings of up to 20% of childcare costs. The existing Childcare Voucher Scheme will continue to run alongside Tax-Free Childcare, however after Autumn 2015 the Childcare Voucher Scheme will no longer be available for new entrants. At this point existing members who have registered before Autumn 2015 will continue to benefit.

Childcare Vouchers are available to working parents regardless of whether they have a partner who is also in work. However, the new Tax-Free Childcare will not be available to anyone who has a stay at home partner – meaning many families will be ineligible.

By joining the Childcare Voucher Scheme prior to Autumn 2015 you will have a choice whether to remain on the current scheme or to switch to the new Tax-Free Childcare from Autumn 2015 onwards, depending on which scheme offers you greater savings. Generally parents with modest Childcare costs will benefit more by continuing to receive Childcare Vouchers.

If you want to discuss how you or your company can benefit from the Childcare Voucher scheme please contact Jan Jevons 01924 311602.

For Employers

Chamber Childcare is a flexible, expertly supported salary sacrifice scheme that enables your staff to save hundreds of pounds on their childcare costs.

Each parent can receive either £55 per week or £243 per month of childcare vouchers. The vouchers can be redeemed at any OfSTED registered or approved setting.

A parent on a basic rate of tax can save £933 per year and this can be doubled if both parents take part in a scheme.

Employers also benefit as they are exempt from the NI element on the amount sacrificed by their staff.

It’s easy – cancellation arrangements are flexible and straight forward if your circumstances change.

How does it work?

  • You agree to let your staff enjoy the savings
  • They complete some simple forms
  • We set up the salary payment arrangements with you
  • The vouchers can be sent to the employee’s home address
  • They are used in part or full payment of their fees at their childcarers

Our childcare experts are on hand to help you and your staff and they are only a phone call away.

Chamber Childcare allows you to enhance your staff benefits package whilst reducing your employment costs. That’s why hundreds of companies have chosen to offer Chamber Childcare to their workforce.

Contact our support line on 0845 606 6560 and we will tell you how easy it is to help the hard working parents in your team and save money at the same time.

For Parents

If your employer participates in the scheme then you can start saving money now.

  • You can use your weekly voucher allowance at any number of OfSTED registered or approved childcare providers
  • We now provide paper vouchers, e-vouchers and direct payments
  • Each voucher is valid for 12 months and can be used with more than one childcarer
  • You can save them and use them during the holiday times at holiday clubs
  • You can use some on day care for your youngest child and the rest on after school care for the older ones

Is it for me?

The scheme will not be of benefit to everyone.

If you are in receipt of Working Tax Credits, you may need to check how this might be affected. If you only receive the family element of the Child Tax Credits this will not be affected.

You can do this quickly and easily by visiting the Inland Revenue's website and filling in your personal details.

For Childcarers

Registration is easy.

You just need to fill in two forms which we will send you, one confirming your details and the other to provide us with your bank details if you would like to be paid by BACS. Alternatively we can raise you a cheque.

When you receive a voucher, all you need to do is to call our helpline or email us, confirm who you are and provide us with the serial numbers of the vouchers you wish to redeem.

The payment process will start immediately – there are no delays on payment.