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| 'Now available - Easy
Vouchers, a paperless and automated method of paying
carers. Coupled with Phone Pay,
gives maximum flexibility and efficiency to employees and carers'
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| The rules have changed |
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Contact Us |
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- The rules governing the tax and national insurance treatment of childcare vouchers changed on 6th April 2005 and were last updated in the 2006 budget. Employers can offer their employees childcare vouchers worth up to £55 per week (£243 per month), free of tax and national insurance contributions.
- This means that a basic-rate taxpayer can save up to £904 per year, whilst a higher-rate taxpayer can save up to £1,196 per year.
- Operated through a salary sacrifice scheme, the employer will also save national insurance contributions, currently at 12.8% of the value of the vouchers provided.
- These changes to the rules have presented employers with a superb opportunity to help their employees meet the costs of childcare, whilst at the same time enjoying significant savings themselves.
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Home l Who can take part? l Which carer's qualify? l Setting up a scheme l Costs involved l About Us
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| Fair Care Services Ltd, 1 Farnham Road, Guildford. GU2 4RG |
Tel: 0845 241 0983 |
Fax: 0845 241 0984 |
Email: info@faircare.co.uk |
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