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Thursday 21 September 2017
Derbyshire Healthcare NHS Foundation Trust
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Child Care Vouchers

Childcare Vouchers

Childcare vouchers provide a flexible way to meet the costs of your childcare. As a Derbyshire Healthcare employee, you can join the popular childcare voucher scheme and benefit from some significant savings.

Childcare vouchers work by sacrificing part of your salary in exchange for vouchers which can be used to pay for registered childcare. This is known as a ‘salary sacrifice scheme’ and the amount you sacrifice is exempt from tax and National Insurance contributions. 

Childcare vouchers could save you hundreds of pounds per year and can be used up to your child’s 16th birthday!

Derbyshire Healthcare currently uses Computershare Voucher Services as its voucher scheme provider. Once set up, you can choose to receive vouchers in paper format, or as e-vouchers where you pay your carer electronically using a secure online account. 

Alternatively you can choose a standard carer payment option, where Computershare will make the payment on your behalf straight to the carer’s bank account as and when required.

Childcare Vouchers: better off calculator

Childcare vouchers may affect the amount of tax credits you get. The Better Off Calculator can help you decide whether you would benefit from receiving childcare vouchers or not. Access the calculator at: www.gov.uk/childcare-vouchers-better-off-calculator

When vouchers are issued

Vouchers are released just before pay day and should be treated as part of your salary. Please place your order by the first of the month in which you wish to receive your first voucher.

All parents joining the scheme after 5 April 2011 will be required to have a Basic Earnings Assessment (BEA) to determine which tax band they are in and the amount of tax-free childcare vouchers permitted to buy per month. As your employer, our Human Resources Department will carry this out on your behalf. You will not be able to join the scheme until this assessment has been done, therefore please allow a few extra days for this. The assessment is a legal requirement.

Currently the Government limit on the amount of tax-free and National Insurance-exempt childcare vouchers you can exchange is £243 per parent, per month (£55 a week) for a basic rate tax-payer; £124 per parent, per month (£28 a week) for a higher rate tax-payer; and £97 per parent, per month (£22 a week) for an additional rate tax-payer. 

How to join the scheme

If you are interested in joining the scheme you should read the Parent Information Guide in the first instance. 

To join, please contact the Computershare Customer Services team on 0345 002 1111 (8am-8pm, Monday to Friday) or visit www.computersharevoucherservices.com

You will need a recent payslip to hand and be aware of your Employer Reference Number (this can be found on your payslip).

Need flexible Childcare during the school holidays? Childcare vouchers can help!

*Important changes -Tax-Free Childcare

The Government is making changes to the funding of childcare and introducing a new scheme called Tax-Free Childcare (TFC) on 28 April 2017. This will be gradually rolled out in such a way that allows the youngest children to enter the scheme first, and all eligible parents will have access to the scheme by the end of 2017 - Parents of children under two being invited to enter the scheme first.

TFC will be different to childcare vouchers, and will not be offered through employers.

The Trusts existing childcare voucher scheme will remain open to new entrants until April 2018.

At present, childcare vouchers are a Government-approved, tax-efficient way of paying for childcare.  By joining the Trust's childcare vouchers scheme you can exchange up to £243* a month for childcare vouchers.

Once TFC launches, the Trust’s existing childcare vouchers scheme will continue to run for parents who are already a member, but it will close to new entrants from April 2018. 

From April 2018 you will lose the right to sign up to a childcare voucher scheme through the Trust. However, if you already use childcare vouchers, you can continue using them.

For more information please click here.

*dependant on basic earnings assessment

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