Pay Plus for childcare
Pay plus for childcare is the University´s salary sacrifice scheme for childcare vouchers. The scheme can help you reduce your childcare costs, because childcare vouchers are exempt from income tax and National Insurance (NI), up to a maximum of £243 per month. You can use your vouchers as payment towards a variety of childcare provision including:
- Home based care – such as childminders, nannies and au pairs.
- Pre-school care – such as nurseries, play schools and crèches.
- Care for older children – such as breakfast clubs, after school clubs and holiday clubs.
How it works
You change your terms and conditions of employment to reduce your salary by up to £243 each month and the University provides an equivalent amount of childcare vouchers (from the University´s supplier, Edenred). The salary reduction results in a saving on the amount of tax and NI that you pay, as well as a reduction in the amount of employer NI the University pays. You have the potential to save between £70 and £100 each month (subject to individual rates of income tax, NI and the amount of vouchers claimed).
If you join Pay Plus for childcare you will also receive unlimited use of Familylife Solutions, a nationwide freephone telephone helpline operated by professional staff offering advice and guidance on a range of childcare and family issues, including sourcing emergency childcare, child disability or elderly care.
From 18 March 2009, members of the electronic childcare voucher scheme also have access to Advantages from Edenred, a range of special offers and discounts on day to day shopping and a wide range lifestyle products and services including toys, sports gear, home entertainment, days out and holidays.
Qualifying conditions
Considerations before you join
Joining the scheme
Making payments
Amending your order and leaving the scheme
Implications for other benefits
Frequently asked questions
Contacts
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