News Details

Changes being introduced by the Government will affect all Childcare voucher providers/ schemes and anyone joining on or after the 6 April 2011.

If you already participate in our Sodexo Saycare Plus Childcare Voucher scheme you will not be affected. You will retain your current level of tax savings until you leave the scheme or are no longer eligible to participate. The changes only affect you if join the scheme on or after 6 April 2011.  By joining the scheme now you could save up to £910 a year more.

Under current arrangements, employees on higher earnings receive a greater tax saving than those who pay tax at the basic rate. These changes are being implemented to make the amount of tax saving the same for all employees regardless of the rate of tax that is paid on employment income. These changes will mean that anyone who joins the scheme from 6 April 2011 will receive the same level of income tax exemption, which is approximately £11 per week.

 

If you would like to join the Childcare Voucher Scheme before these changes are implemented, please contact Laura Marshall on ext. 3498.  Completed paperwork must be received by our Payroll department and online sign-up completed by Friday 1 April 2011 to enable this to be processed to meet the deadline.
 
Further details of the changes can be found at
http://www.hmrc.gov.uk/thelibrary/employee-qa.pdf

Updates on other staff benefits
We are currently reviewing our staff benefits scheme (at the moment we use PERKZ). We are also looking at reinstating the Bike to Work scheme and are currently considering timescales for this.