Freephone: 0800 6349687
Email: info@blossomchildcarevouchers.co.uk
Childcare Vouchers Logo

The Provider that Cares. Let us help you, your savings, and your young ones, Blossom and Grow.

IMPORTANT CHANGES TO THE CHILDCARE VOUCHER SCHEME APRIL 2011

If you are NOT on a Childcare Voucher Scheme, and are a Higher or Additional Tax Rate Payer, your Tax and National Insurance savings will be reduced.

Current Scheme Member New Scheme Member April 2011
Tax Rate
20%/40%/50%
Basic Rate
20%TAX 12%NI
Higher Rate
40%Tax 2%NI
Additional Rate
50%TAX 2%NI
Weekly Voucher Amount 55.00 55.00 28.00 22.00
Monthly Voucher Amount 243.00 243.00 124.00 97.00
Annual Voucher Amount 2,916.00 2,916.00 1,484.00 1,166.00
Annual Tax and NI Savings933,1225,1516 933.00 623.00 606.00

As you can see from the table above as a Higher Tax Earner your savings have been reduced compared to a Lower Tax Earner. You are still entitled to join the Scheme and savings can still be made.

If you were to join our scheme before 6 April 2011 your savings will not be reduced!

HM Revenue and Customs have published a document that outlines these changes.
http://www.hmrc.gov.uk/employers/employersupportedchildcare.pdf

For more information telephone Blossom Childcare Vouchers 0800 6349687 or email info@blossomchildcarevouchers.co.uk