“We were not happy with our previous provider and we partnered with You at Work to drive our scheme forwards...Our Childcare Voucher scheme now generates enough employer NIC savings to pay for the entire scheme."
John, Benefits Consultant
Childcare Vouchers AT WORK™ is an HMRC approved scheme designed to help working parents with the cost of their formal childcare. Each parent can receive up to £243 worth of vouchers each month free from income tax and National Insurance Contributions (NIC). Employers save up to £374 in NIC a year for each participating parent. With You at Work Childcare Vouchers your employees use an online solution, branded with your identity and built on robust Barclays cash management technology, to sign up for and manage their Childcare Vouchers.
What's in it for you?
- Save up to £374 in NIC a year for each participating parent
- Provide a valuable benefit to your employees
- Support your working parents
- Retain key talent by encouraging parents back to work
- Use as a powerful weapon in the war for talent
- Increase motivation, staff loyalty and productivity
- Reduced administrative burden
What's in it for your people?
- Basic-rate income tax payers save up to £904 a year (higher-rate taxpayers save up to £1,196 a year)
- An appreciation of the value their employer places on them
- Increased motivation to perform
- Hassle free electronic vouchers (no paper)