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Reprieve for Childcare Vouchers...

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Childcare Vouchers Government Announcement

Reprieve for Childcare Vouchers as Government Postpones Tax-Free Childcare Scheme...

Gemelli has just received official notification from HMRC that the Government’s plans to launch the new Tax-Free Childcare scheme have been delayed until early 2017. Prior to this announcement, it had been anticipated that Tax-Free Childcare would launch in autumn 2015, replacing the existing Childcare Voucher scheme.

This postponement means that working parents with children aged up to 16 – and the businesses that employ them – still have the opportunity to take advantage of the current Childcare Voucher scheme. Operated through employers, the scheme allows working parents to pay for childcare prior to having tax and National Insurance deducted from their salary. For many parents, the scheme can save them almost £1,000 a year on childcare, and employers benefit too, saving up to £402 per employee, per year in National Insurance contributions.

Registering now for the Childcare Voucher scheme makes good sense: It will eventually be closed, but parents who have already registered will be able to choose whether to stay on the existing scheme or switch to Tax-Free Childcare, depending on which best suits their circumstances at the time.

If you’re an employer, setting the scheme up is quick and easy, and if you’re an employee, we can have you registered in no time at all. Call us now on 01280 851113 to discuss registering for Childcare Vouchers, or email us.

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