For use as general guidance only
Effective 6 April 2010
Savings subject to individual circumstances
Minimum voucher order £20
An Additional Higher Rate tax-payer (50%) earning more than £150,000 may save more
Childcare Vouchers benefit both basic and higher rate tax-payers. Above is a table showing the savings you could enjoy by using Childcare Vouchers.
For a guide to your own personal savings, click here to use our free online savings calculator.
Please Note: £243 is the capped amount, set by the government, of tax-free and NI-exempt Childcare Vouchers which you are allowed to take per month. Some employers allow their employees to take more than the capped amount. However, any additional Childcare Vouchers over the £243 limit are not tax-free and NI-exempt.
A number of state benefits - Statutory Sick Pay for example - are dependent on maintaining a minimum level of NI. Your gross pay, after deducting the value of your Childcare Vouchers, must not be less than £6,475 per year (£539 per month) in the April 10/11 tax year.