SAVE MONEY ON CHILDCARE COSTS WITH THE GSS CHILDCARE VOUCHER SCHEME
Global Support Services (UK) Limited now offers Childcare Vouchers to its employees. The Childcare Voucher scheme, setup through Busy Bees Benefits is a fantastic money-saving solution to help working parents save money on their childcare costs.
What are Childcare Vouchers?
If you are a working parent, you can use Childcare Vouchers to pay for your childcare costs and by doing so, you could save up to £933* per year, helping to make childcare more affordable.
Childcare Vouchers can be used to pay for any registered childcare for children up to the age of 16**, including: nurseries, child minders, play schemes, pre-schools, nannies, activity camps, before and after school clubs, holiday clubs and independent schools.
How do they work?
Simply exchange part of your salary in return for the same amount of Childcare Vouchers. Childcare Vouchers are deducted directly from your wages each pay period before PAYE and National Insurance is calculated, which is how you make your savings as you pay tax and National Insurance on the amount after the deduction.
You can choose to deduct up to £243* per month (£55* per week) – depending on which tax band you fall into. Vouchers are then placed in your online Busy Bees Benefits account to be paid directly to your childcare provider.
Factors such as Working Tax Credits, Child Tax Credits, Universal Credit, Statutory Maternity Pay and other employee benefits can affect how much you are entitled to have in Childcare Vouchers.
Double your savings – Both parents can join a Childcare Voucher scheme providing their employer offers one, which could potentially double your savings, helping to save even more on your childcare costs.
Discount cards – As a Childcare Voucher user, you automatically get free access to exclusive discount cards via your online account. Browse and purchase offers for a range of high street and online stores to make savings on your lifestyle costs.
Busy Bees nurseries – Parents using Busy Bees Benefits Childcare Vouchers in a Busy Bees nursery will receive an additional 5% credit on top of their voucher values.
If any GSS employee would like to take advantage of this scheme – please register your interest with: firstname.lastname@example.org
They will send you the information you need to get enrolled!