Childcare Voucher Scheme
In April 2005 the Government introduced Tax Free Childcare Vouchers, encouraging more employers to help their employees with their childcare costs.
Daisies Vouchers offers a flexible way to meet the cost of childcare under which part of a salary can be sacrificed in exchange for childcare vouchers. Daisies Vouchers are Non Taxable and exempt from National Insurance contributions up to a limit of £55 per week per parent (£243 per month). They represent a genuine saving for employees who receive them as part of their salary.
Parents can use Daisies Vouchers with virtually any childcare provider that is registered with Ofsted or the equivalent authority in Scotland or Wales and Northern Ireland. This includes registered Nurseries, childminders, play schemes and out of hours clubs. (See Parents' Page for a full list).
The Scheme allows Employers to provide a family-friendly employee benefit, helping increase staff morale and productivity, as well as supporting maternity leavers that return to work.
There is no cost to the employee or employer to set up a DaisiesVoucher Scheme. We administrate the Scheme and are paid by means of a service charge which is deducted from the Employers NIC savings. This means that in overall terms, the employee benefits from tax savings, the Company saves on their NI bill, and does not have to allocate a great deal of resource to run the Scheme.
For further information or to register for the scheme, please email info@daisiesvouchers.com, or telephone 0207 291 9503.