This is a benefit that lets parents make substantial savings against the cost of their childcare. In sacrificing £55 a week (£243.00 per month) from your salary in exchange for childcare vouchers you could save at least £800 a year.

If you and or your partner are working parents, Childcare Vouchers is the flexible, simple and cost effective way to cover your childcare costs.

You can make some important savings if you choose Childcare Vouchers. Please click on the link below for the savings calculator.

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Savings 2005

You will save over £800 per year if you elect to take £50 per week with Childcare Vouchers and are a standard rate tax payer. If you are a higher rate tax payer you will save over £1000 per year.

Ask your Human Resources Department if they will offer you a salary sacrifice scheme; this means you will have to exchange part of your salary for childcare vouchers to receive the benefits described above. The legislation changed in April 2005; improving the benefits for the majority of people, especially if both parents are working as they can both opt for vouchers. Under terms agreed by UCL and Accor Services UK (the provider), for convenience parents will be able to take their total childcare costs from their salary through the Child Care Vouchers system, although they will only receive Tax and NI relief on the First £50 per week.

The widest range of childcare options

With Childcare Vouchers, you have the freedom to choose the care option you feel is most suited to your child's needs, your lifestyle and your working pattern. The only criteria is that your chosen childcare provider must be legally entitled to care for children. Childcare Vouchers are accepted by all the leading nursery groups and out of school clubs.

For children under 8

• Registered Childminders
• Registered Private Nursery Schools
• Independent Nursery Schools
• Sessional or Day care Playgroups /Crèches
• Community Nurseries
• Workplace/Partnership Workplace Nurseries
• Local Authority Day Nurseries
• A nanny in the Parent's home
• Nanny Share Schemes
• Out of School Schemes
• Holiday Play Schemes

For children aged 8+

• Out-of-School Schemes
• Holiday Play Schemes and any other carers at the parents' discretion e.g. childminders etc.

Child Tax Credit and Working Tax Credit are part of the Government's programme for helping people get back to work. 9 out of 10 families with children are entitled to tax credits.
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