The following information only applies to employees who work for the National Health Service.
The NHS Pensions Agency has confirmed that the value of childcare vouchers cannot count as pensionable pay. Therefore you will not pay pension contributions on the value of the childcare vouchers you receive as part of your salary.
NHS Pension scheme benefits are based on pensionable pay, therefore any benefits (e.g. Ill Health Retirement, Early Retirement or Death Benefits) become payable whilst you are participating in the scheme or, within a year of leaving the scheme, they will be reduced.
Providing you ensure that you are not receiving childcare vouchers for three years before retiring or leaving the NHS, your overall pension will not be affected.
For further information please contact your Pensions Officer.