How can the voucher scheme save me money?

Modified on Thu, 29 Jun 2023 at 12:48 PM

Childcare vouchers are free from tax and NI contributions for the value of the vouchers you order. The amount you can salary sacrifice depends on your earnings threshold.

 

Maximum Childcare Voucher Values 2023/2024:

Total Earnings* / Rate

Weekly

Monthly

Annually

Maximum Savings Per Year

Up to but not exceeding £50,270 (basic)

£55

£243

£2,916

£933

Greater than £50,270 but less than £125,140 (higher)

£28

£124

£1,488

£625

Over £125,140 (additional)

£25

£110

£1,320

£620


*Total earnings include salary, other taxable benefits and allowance.







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