The financial benefits of Childcare Vouchers have been highlighted again in a new report, further underscoring the importance to employers and employees of signing up to the Childcare Voucher scheme.
Work-life balance charity Working Families and the Childcare Voucher Providers Association (CVPA) argue in a new report that some families are set to lose nearly £1,500 a year in financial support if they are required to sign-up for the Government’s new Tax-Free Childcare scheme instead of childcare vouchers will face large negative financial repercussions by having to use TFC.
Currently, anybody not signed up to the Childcare Voucher scheme by April 2018 will no longer be able to sign up to it after April 2018 and TFC will be the only scheme available to them. This will also mean that the organisations that they work for will not be able to take advantage of the savings available to them through the Childcare Voucher scheme. So it is very important to that all eligible employees are made aware of the Busy Bees Benefits Childcare Voucher scheme before it is too late for them to make savings.