Edenred created the UK’s first Childcare Voucher scheme in 1989. Here’s the company’s take on key changes confirmed in the Chancellor of the Exchequer’s March 2017 budget speech, regarding the roll out of Tax-Free Childcare will begin from April 2017 to reach all eligible parents by the end of the year.
Changes introducing tax-free childcare are just around the corner, so how does that impact you, as an employer? If you haven’t already, you need to ensure you have an action plan in place to prepare. It will impact your working parents and your bottom line through reduced employer NI savings.
Working parents should be reminded that they do not need to make a hasty decision right away. Many people will actually be worse off under the new scheme, or not even eligible to join.
For members of the Edenred scheme the following will be occurring – check with your own Childcare Vouchers supplier for their timeline.
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