|
Your Frequently Asked Questions
How much administration is needed?
There is a small amount of administration needed to introduce the
scheme to your staff from the HR Team and the Payroll Team. After
that Voucher Solutions offer a tailor made programme. For a monthly
service charge we distribute vouchers directly to your participating
staff, and handle redemptions and payments to the Nurseries. Our monthly
service charge can be paid for from the savings you make on Employer's
NIC and should not affect your existing budget constraints.
What about Revenue/Customs & Excise
and employment contracts?
We can support you with contract amendments, letters to staff and
the Inland Revenue, even a policy document should you require it.
As part of our service we can provide marketing materials to help
answer any questions your staff may have.
Can everyone benefit from the Exemption?
Those who earn below the tax bands or earn below the primary threshold
for NI and so pay no contributions do not benefit. Those who receive
more than the basic family element of child tax credit and claim for
childcare costs through t he Childcare element of Working Tax Credit
should contact the Inland Revenue to see how changes to their salary
might affect their tax credit claim if they were to sign up to the
Voucher Scheme.
Do I have to offer it company wide?
The exemption must be available to all staff in the particular location
where the scheme operates. For example if you have a multi-site operation
and are having recruitment and retention issues on one particular
site you can offer the exemption to all employees at that site but
not the others.
Who can claim the support and is it per child?
Any working parent can take advantage of the support where it is offered.
The exemption on tax and NIC is on the amount of support offered ie
£55 per week or £243 per month. This means that if you
have a husband and wife working in the organisation they can both
choose to take advantage of the support and make savings on their
individual savings on tax & NICs. The support is not offered per
child. |
|
|
