An employee benefit that is tax and National Insurance exempt
Once an employer is registered with Computershare Voucher Services, eligible working parents are entitled to exchange up to £243† a month (£55 a week) of their gross salary for childcare vouchers. The exchanged proportion of the salary is exempt from tax and National Insurance contributions, allowing your employees to make savings of up to £933* a parent, a year on their childcare costs.

Childcare vouchers that can be used to pay for all types of registered childcare
Save money on all types of registered childcare for children up to 16^ years old, including day nurseries, nannies, au pairs, crèches, childminders, out of school clubs, holiday schemes, activity clubs and qualifying childcare offered by schools.

A National Insurance exempt scheme making savings of up to £402** for employers
Childcare vouchers are National Insurance exempt for employers. Employers can save up to £402** a employee, a year via reduced National Insurance contributions.

A tax initiative
Launched in 1998, childcare vouchers are a scheme run by HM Revenue & Customs (HMRC).

†For parents joining a scheme from 6 April 2011, the Government has capped the amount of childcare vouchers a tax-payer can request each month to £243 for a Basic rate tax-payer, £124 for a Higher rate tax-payer and £97 for an Additional rate tax-payer.

*Figures quoted are the maximum available savings for a Basic rate tax-payer. Higher and Additional rate tax-payers may save around £600 a year. The savings you make will depend on your circumstances.

^1st September following 15th birthday or 1st September following 16th birthday for children who are registered disabled.

**Annual Employer NI savings for a Basic rate tax-payer taking the full £243 voucher value. The maximum savings available will be less for Higher and Additional rate tax-payers.