Employers Save Money with Childcare Salary Sacrifice Scheme
One of our clients, employment tax specialist Brenda Hague, sent me an email today offering some advice to those of you that are employing people and how you could save money on tax and national insurance:
It’s been announced (to be confirmed in the Pre-Budget speech in November) that anyone entering into a childcare voucher scheme after April 2011 will not receive tax or national insurance relief as they do now, so there is a window of opportunity for employers who are thinking of entering into these schemes (usually via a salary sacrifice scheme, which quite simply can save both employer and employee money) to do so prior to this date.
Employers with existing schemes will not lose this tax and national insurance relief until April 2015
For further advice about setting up a childcare salary sacrifice scheme call Brenda on 0800 917 9176