HOW EMPLOYERS BENEFIT FROM CHILDCARE VOUCHERS

HOW EMPLOYERS BENEFIT FROM CHILDCARE VOUCHERS

https://financehouseblog.wordpress.com/2017/07/1 7/how-employers-benefit-from-childcare-vouchers/

If there’s one common factor that bothers an employer and employee, apart from the performance of an economy, is the big question of how to save taxes. For this purpose, the government has designed a scheme that not only provides tax benefits to an employer and employee but also ensures that the life of working parents is made a lot easier.

Childcare vouchers offer many benefits to working parents and these benefits can be made available to them through their employer. An employee who has enrolled in this scheme is entitled to avail benefits of up to ÂŁ933 per annum. Moreover, these vouchers are not restricted to only one child but to as many children as a working parent may have.

The benefits are not just restricted to employees and even employers have something to gain from this scheme. Employers can save a whopping ÂŁ373 a year for each employee who has signed up for this scheme.

Despite the several benefits that this scheme has to offer, only 2% of working parents have opted for this policy according to a report published by the Telegraph. This low figure can be attributed to unawareness on the part of employers and this blog has been aimed at educating them about the benefits that can be enjoyed by an employer.

https://financehouseblog.wordpress.com/2017/07/17/ how-employers-benefit-from-childcare-vouchers/

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