OOSC Childcare Voucher Information
We accept childcare vouchers so working parents can save money on their fees!
OOSC are currently registered to accept childcare vouchers from Edenred, Computershare Voucher Services, Care4, FairCare, South Glos, Salary Extras, Kiddivouchers and Sodexo
What are childcare vouchers?
-
An employee benefit that is tax and National Insurance exempt
Once an employer is registered with a voucher provider, 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 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, so as well as for OOSC you can also use them for day nurseries, nannies, au pairs, crèches, childminders, holiday schemes and activity clubs
- 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.
How do I pay fees using childcare vouchers?
Speak to your employer and find out which voucher provider they subscribe to and register with the provider yourself. Let them know our details - you may need to supply them with a reference number which we can let you know. Then request our regular monthly fee to be paid directly to us at the same time your wages are paid. Your fees are then tax-free.
What if my employer does not subscribe to a childcare voucher scheme?
Encourage them to subscribe to a voucher provider scheme! It is 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.
**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.