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  • FIRST POST
    • MSE Callum
    • By MSE Callum 14th Mar 18, 8:35 AM
    • 238Posts
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    MSE Callum
    MSE News: Childcare Vouchers scheme to be extended
    • #1
    • 14th Mar 18, 8:35 AM
    MSE News: Childcare Vouchers scheme to be extended 14th Mar 18 at 8:35 AM
    Plans to end the Government's Childcare Vouchers scheme will be delayed by six-months, ministers have announced...
    Read the full story:
    'Childcare Vouchers scheme to be extended by six months'

    Click reply below to discuss. If you havenít already, join the forum to reply.
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Page 1
    • skybluearmyontour
    • By skybluearmyontour 14th Mar 18, 1:17 PM
    • 215 Posts
    • 278 Thanks
    skybluearmyontour
    • #2
    • 14th Mar 18, 1:17 PM
    • #2
    • 14th Mar 18, 1:17 PM
    As we are expecting our first child in May - this is big news...I think....

    We won't be needing childcare until around the same time next year so will have to look into whether stockpiling is a good idea... It would help if I knew how much roughly we would spend a year on costs!!
    • Mrs Cheshire
    • By Mrs Cheshire 14th Mar 18, 9:07 PM
    • 828 Posts
    • 8,576 Thanks
    Mrs Cheshire
    • #3
    • 14th Mar 18, 9:07 PM
    • #3
    • 14th Mar 18, 9:07 PM
    I contacted my husband's childcare voucher supplier yesterday to be told that we would't be able to do it, as we'd previously got vouchers 5 years ago and they aren't able to let us rejoin if we've not made a salary sacrifice in the last year. Has anyone else found this.
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    • njc80
    • By njc80 15th Mar 18, 1:25 PM
    • 1 Posts
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    njc80
    • #4
    • 15th Mar 18, 1:25 PM
    • #4
    • 15th Mar 18, 1:25 PM
    This is great news as we're due to have our first child in July.

    Childcare vouchers work out much more beneficial than the Tax Free Childcare. I'm a higher rate tax payer and my partner may not work the number of hours required to qualify for Tax Free Childcare. There's also the further benefit of receiving them until the child is 16 rather than 11.

    As soon as the child is born we will apply for childcare vouchers, but can we request a small sacrifice to be taken immediately (£100 one-off, or £10 per month) so we can simply 'get the foot in the door' to qualify? We could either get a head start by building these vouchers up until childcare is needed when the baby is 9 months, or up the amount being sacrificed when the time is right?
    • Geht fit
    • By Geht fit 15th Mar 18, 3:12 PM
    • 28 Posts
    • 14 Thanks
    Geht fit
    • #5
    • 15th Mar 18, 3:12 PM
    First-time parents
    • #5
    • 15th Mar 18, 3:12 PM
    Great news! I am currently engaged in a dispute with payroll as I had applied during maternity leave.

    My baby was born at the end of November and my husband applied for the full £243 pm from January - no problem.

    For maternity leave it is a little more complex, as you are not able to sacrifice Statutory Maternity Pay, so the first 6 weeks at 90% or the weekly pay thereafter. If you receive Occupational Maternity Pay, this should be able to be sacrificed.

    Interestingly, my payroll have declined to sacrifice my Occupational Pay as they do not want to continue with an employers contribution (at no cost to me) for the rest of my statutory leave. As at least one payment needs to have been made to qualify, I hope this announcement eases the discussion. It was heading towards me complaining about discrimination, so not sure whether to pursue or not...
    • Geht fit
    • By Geht fit 15th Mar 18, 3:44 PM
    • 28 Posts
    • 14 Thanks
    Geht fit
    • #6
    • 15th Mar 18, 3:44 PM
    • #6
    • 15th Mar 18, 3:44 PM
    skybluearmyontour As we are expecting our first child in May - this is big news...I think....

    We won't be needing childcare until around the same time next year so will have to look into whether stockpiling is a good idea... It would help if I knew how much roughly we would spend a year on costs!!
    It might help to consider whether you will require term time or year round care. Year round sometimes excludes Christmas, so multiply costs by 50 weeks for the rough cost of a year. For term time only, multiply costs by 39 weeks.

    This is what my local nursery charges:
    Morning [8.30 to 1.30] £33.50 £36.00

    School Day [8.30 to 3.30] £41.25 £44.25

    Long Day [8.00 to 4.30] £46.50 £49.50

    Full Day [8.00 to 5.30] £52.50 £55.50

    CHILDREN must attend for at least TWO sessions each week (on TWO separate days).

    This calculator is a great tool to work out how CCV and potential reduction in working hours could affect your income:
    thesalarycalculator.co.uk

    Hope this helps!
    • Geht fit
    • By Geht fit 15th Mar 18, 3:52 PM
    • 28 Posts
    • 14 Thanks
    Geht fit
    • #7
    • 15th Mar 18, 3:52 PM
    • #7
    • 15th Mar 18, 3:52 PM
    njc80

    As soon as the child is born we will apply for childcare vouchers, but can we request a small sacrifice to be taken immediately (£100 one-off, or £10 per month) so we can simply 'get the foot in the door' to qualify? We could either get a head start by building these vouchers up until childcare is needed when the baby is 9 months, or up the amount being sacrificed when the time is right?
    As long as you're not requesting to sacrifice your Statutory Maternity Pay, you should be able to request up to the maximum amount to be sacrificed from Occupational Pay. Some employers limit the number of times in a year when the amount can be amended, so this might be worth checking with your employer? Usually you are allowed to request a change if there has been a significant change to your circumstances, so returning to work might count.

    Hope this helps!
    • sheramber
    • By sheramber 15th Mar 18, 7:24 PM
    • 4,792 Posts
    • 3,592 Thanks
    sheramber
    • #8
    • 15th Mar 18, 7:24 PM
    • #8
    • 15th Mar 18, 7:24 PM
    This is great news as we're due to have our first child in July.

    Childcare vouchers work out much more beneficial than the Tax Free Childcare. I'm a higher rate tax payer and my partner may not work the number of hours required to qualify for Tax Free Childcare. There's also the further benefit of receiving them until the child is 16 rather than 11.

    As soon as the child is born we will apply for childcare vouchers, but can we request a small sacrifice to be taken immediately (£100 one-off, or £10 per month) so we can simply 'get the foot in the door' to qualify? We could either get a head start by building these vouchers up until childcare is needed when the baby is 9 months, or up the amount being sacrificed when the time is right?
    Originally posted by njc80
    You cannot apply until your first child is born
    • Icequeen99
    • By Icequeen99 16th Mar 18, 8:49 AM
    • 3,549 Posts
    • 2,400 Thanks
    Icequeen99
    • #9
    • 16th Mar 18, 8:49 AM
    • #9
    • 16th Mar 18, 8:49 AM
    I contacted my husband's childcare voucher supplier yesterday to be told that we would't be able to do it, as we'd previously got vouchers 5 years ago and they aren't able to let us rejoin if we've not made a salary sacrifice in the last year. Has anyone else found this.
    Originally posted by Mrs Cheshire
    They have informed you incorrectly. That rule doesn't kick in until after October 18 now. So anyone can join before October 18, afterwards only those who have had a voucher in the last year.

    IQ
    • KatTiddy26
    • By KatTiddy26 16th Mar 18, 12:15 PM
    • 1 Posts
    • 0 Thanks
    KatTiddy26
    Child care vouchers
    Hey!

    If I contribute into the childcare voucher scheme but I don't have to pay for child-care out of term time as my child minder is a term time only contract... can I opt out during the 6 week holidays and opt back in?

    Also if I manage to stock pile extra into my account if it is a half term included month of pay, can my child care provider take more than the £243 maximum in a month to use up the stock pile??

    Help!
    • Paparika
    • By Paparika 16th Mar 18, 1:45 PM
    • 2,334 Posts
    • 2,232 Thanks
    Paparika
    Hey!

    If I contribute into the childcare voucher scheme but I don't have to pay for child-care out of term time as my child minder is a term time only contract... can I opt out during the 6 week holidays and opt back in?

    Also if I manage to stock pile extra into my account if it is a half term included month of pay, can my child care provider take more than the £243 maximum in a month to use up the stock pile??

    Help!
    Originally posted by KatTiddy26
    As long as you are signed back up to take a voucher for September yes.

    You decided how much you want to pay your carer, if you have £1000 and want to pay them then that's absolutely fine.
    Life is about give and take, if you can't give why should you take?
    • Icequeen99
    • By Icequeen99 16th Mar 18, 10:08 PM
    • 3,549 Posts
    • 2,400 Thanks
    Icequeen99
    As long as you are signed back up to take a voucher for September yes.

    You decided how much you want to pay your carer, if you have £1000 and want to pay them then that's absolutely fine.
    Originally posted by Paparika
    It doesn't matter whether they opt back in September or not, they will still qualify as long as they have had a voucher provided in the 52 tax weeks ending on the October end date.

    IQ
    • SRaven
    • By SRaven 26th Mar 18, 2:08 PM
    • 1 Posts
    • 0 Thanks
    SRaven
    Childcare scheme
    With all the changes that are happening to the childcare vouchers I just wanted to send a quick message to say we offer a tax free nursery scheme provided by Employers that is not affected by the childcare vouchers. It is unlimited so does not have the capped monthly amounts of £243 or £125. A parent's full nursery fees can be covered by the scheme as long as the salary sacrificed amount does not take the parent's wage below National Minimum Wage. The scheme is government regulated and was initiated in 2003. The savings can be vast, for example a tax free saving on an annual nursery fee of £9,600 can save up to £4,400 for a 40% tax payer.
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