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Chilcare Vouchers to be extended by six months news story or istockphoto promo code 25 compare which scheme's best for you.
11 or under (no longer eligible the September after their 11th birthday).
Tax-Free Childcare (TFC) scheme to replace childcare vouchers.
This means that your salary will be decreased by the amount youd like to claim in vouchers before tax and National Insurance are deducted.Under 17 for disabled children, when can I use it? Make sure you talk to your provider before the expiry date so you can find out what its policy is and what to do next.Parents pay into an online childcare account run by National Savings Investments, in partnership with HM Revenue and Customs.This earnings limit doesnt apply if youre self-employed and started your business less than 12 months ago.First Name*This field is required, surname*This field is required.Higher-rate (40) taxpayer: 28/week voucher, max annual tax/NI saving 625.It works by 'salary sacrifice so how does the scheme work?Multi-Channel communication support for maximum participation.



On, new joiners paying higher or top-rate tax had their allowance cut so all taxpayers have roughly the same maximum tax saving.
You can usually find out whether a childcare provider is registered simply by asking them, but if you want to check you can call your local Families Information Services.
Childcare vouchers are claimed through your employer, but not every company offers it, or they may offer vouchers through a childcare-voucher provider such as Kiddivouchers, Employersforchildcare, Edenred or Sodexo.
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New enrolments to this scheme were going to be stopped after April 2018 but the scheme has now been extended for at least six months so you can still join if your employer offers vouchers.Those with high childcare costs, those with multiple children as the 2,000 possible savings apply per child.If you have stopped contributing payments to your childcare voucher provider, you have up to 12 months to start payments again before you will be counted as having left the scheme.Frustratingly, they're only available via employers, but many large and small companies take part.The government will then top up payments into this account at a rate of 2 for every 8 that you pay in, up to a limit of 2,000 of government support per child per year.Not to mention the big savings on different lifestyle products and services we make available to our Childcare Voucher users.Below we've compared the two different schemes so you can work out which is best for you.How to access childcare vouchers The recent six-month extension to the childcare voucher scheme means you can still join, but do it soon.




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