With the closure of the childcare voucher scheme to new families, what can you offer employees by way of childcare support?
For your colleagues already using the childcare voucher scheme, working life continues. However what about your new employees or those who have recently become parents?
You invest in your staff, train them and then hit barriers to working because of childcare. Out of school clubs, childminder, nurseries, nannies and holiday schemes all ramp up costs for your working parents. If you are an employer that understands and supports the realities of family life, tell your staff about Tax Free Childcare. This benefit could mean the difference between profit and loss, staff retention or constant training up, happy staff or prolonged staff absence.
Tax-Free Childcare is available for parents or guardians with children aged under 12, or aged under 17 if disabled. For every £8 that the parents pay in, the government will make a top-up payment of an additional £2, up to a maximum of £2,000 per child per year (or £4,000 for disabled children).
Who would say no to up to £2000 per year per child!
What’s in it for you?
- No direct involvement in managing the scheme
- Retention of good staff
- Save money on staff absence
As employers you do not need to manage the scheme, parents set and manage their own accounts. You can get advice on how to inform your staff on the Childcare Choices website. It enables your staff to continue working for you whilst reducing their childcare bill. You save money on agency staff to cover absentees or employing new staff and training costs. Advising staff of this benefit creates a healthy environment and higher staff retention can be expected.
Councillor Evonne Williams, Cabinet Member for Children and Young People commented:
“For many parents, childcare can be the biggest cost they face and act as a barrier to either getting or keeping employment. It’s vital we do every little bit we can to help them and this scheme will allow more parents to continue working without the pressure of additional childcare costs.”
Read about more childcare options on our website or watch the video below.