Electronic vouchers are credited to an online account which your employees can access to pay their carers via the Internet or telephone.
You can take up to 55 a week of your wages as childcare vouchers, which you dont pay tax or National Insurance.
Not earning sufficient salary to participate.
Frustratingly, they're only available via employers, but many large and f kort rente small companies take part.Vouchers are usually non-refundable, so don't collect more than you can use.Dont have an email address?A VAT invoice will be sent by post when the vouchers are dispatched.If you opt for electronic vouchers employees will be provided with their own online account via which they can manage their Childcare Voucher funds.It's at your employer's discretion, as there's no official refund system.A few very generous employers will simply give you the vouchers on top of your normal salary, but most will ask you to do what's called a 'salary sacrifice which, if you're on basic-rate tax, works something like this: You give up 1,000 of salary.but.Also many providers will let you backdate vouchers up to six months, although your child must be born for you to be able to sign.If you pay for childcare, using childcare vouchers saves many parents 1,000s a year.You can continue to use any vouchers you already have, including to make a joint payment for childcare with Tax-Free Childcare.It's up to you how you administer your Childcare Voucher scheme.Higher-rate (40) taxpayer: 28/week voucher, max annual tax/NI saving 625.If this means stopping or changing a salary sacrifice arrangement, you must also update your employees contract and your payroll software.What form of support is not covered by tax and NICs exemptions?