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Childcare Vouchers

In March, FPS in conjunction with Busy Bees, launched the childcare vouchers. This is a more flexible way to meet the costs of your childcare, under which part of your wages or salary can be given up or “sacrificed” in exchange for childcare vouchers.

Childcare Vouchers are simple to set up and use. Here is a reminder of some of the benefits:

• They are exempt from Tax and National Insurance contributions - a hugely important tax concession for working parents.
• Savings can be made by both parents.
• Working parents can each save up to £1196 per year via reduced tax and NI.
• The vouchers are HMRC and government approved.
• Can be used to pay for all approved or registered childcare for children aged 0 – 16 years old, from nursery fees for the little ones to activity holidays for the teenagers.
• Tax free benefit voucher value £55 per week / £243 a month.
• Busy Bees vouchers provide discounts on Busybees nursery places.

Since we launched the vouchers a number of our FPS Members have signed up for this and seen a great benefit straight away.

“I’ve used Childcare vouchers for a long time and was disappointed when I joined Charterhouse last year as you did not offer them at the time. I was therefore very pleased when you introduced them in April. I see it as a double benefit - real cash saving of c. £100 per month along with a saving scheme. So at the end of the month, I’ve already saved a big chunk of the nursery bill.”
Natalie Newton – FPS Member.

“I have found the voucher scheme very helpful on two counts, it saves me money, by being deducted before tax and it goes into a voucher account which helps with my financial budgeting of childcare. Whether my son attends the full week or not I can use the vouchers to cover the holiday periods.

FPS have been very helpful with all queries and issues, I worried that it was going to be a long and drawn out process, but it isn't. Claire Colvin from FPS has been most helpful whenever I have spoken to her, she is very customer focused and efficient. I tell other locums that FPS has a voucher scheme as it is a very important and relevant service. It is great that you have this as it brings services that are usually awarded to permanents to independent workers.”
Josephine White – FPS Member.

To find out more call us today on 07870 669 229.

*Subject to individual circumstances.

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