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Help working parents save up to £933/year on childcare – before it’s too late!

Posted on 26 February 2018

Update: Since this article was originally published the government has extended the deadline to join a Childcare Vouchers scheme to October 2018. The precise date in October is yet to be confirmed by HMRC. All other information provided in this article remains relevant.

 

Many families could lose out on up to £933/year in childcare savings if they miss the deadline to join Childcare Vouchers in April 2018. Help other working parents by making sure they know about the changes.

What’s changing?

As you’re probably aware, childcare funding options are changing. The government has launched a new scheme called Tax-Free Childcare (TFC), and families will not be able to benefit from the savings from TFC and Childcare Vouchers at the same time.

As a result, Childcare Vouchers will close to new joiners from 6th April 2018. However anyone on a scheme and receiving vouchers before this date can continue to benefit from them.

If you leave Childcare Vouchers to join Tax-Free Childcare you will not be able to re-join. So if you’re unsure, remain on the Childcare Vouchers scheme to keep your options open.

For more information on the changes, download our ‘Parent’s Guide to Childcare Vouchers & Tax-Free Childcare’.

Join before time runs out

If you’ve yet to join a Childcare Vouchers scheme, don’t forget you must be in receipt of your first vouchers by 5th April 2018. This means you will need to join by your March payroll. To join (or rejoin) the Childcare Vouchers scheme, speak to your employer or HR department straight away – they will also be able to advise you when the cut-off date for applying is in your organisation.

If your employer has yet to start a scheme click here to recommend Childcare Vouchers to them, and we’ll take care of the rest.

Share the savings

Unlike TFC, the savings from Childcare Vouchers are per parent. Meaning if any partner also joins Childcare Vouchers you could double your savings. (Remember – you cannot receive Childcare Vouchers while your partner uses TFC.)

But it doesn’t need to stop at your partner; you can help other working parents too. Make sure they know that they could be financially better off by joining Childcare Vouchers.

  1. Forward this article to any parents who could benefit
  2. They click here to recommend Childcare Vouchers to their employer
  3. Edenred take care of the rest!