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Childcare voucher scheme ni

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Of course, once you no longer need to pay for childcare, you should make sure you get your full salary back.Because of this, you can make savings of up to 933* a parent, a year.Top-rate (45) taxpayer: 25/week voucher, max annual tax/NI saving 623.So you're 300 better off.Vouchers tend to last for a long time, so if you know you're going to have higher childcare costs during the holidays, collect vouchers in advance.Also many providers will let you backdate vouchers up to six months, although your child must be born for you to be able to sign.If both working parents are Higher or Additional rate taxpayers offerte vodafone per galaxy s3 they may save up to 1,246 a year.The deadline for new applications was planned to be Thursday 5 April this year, with the idea being that after that, parents who were not already signed up for childcare vouchers would not be able to get them.So, if you can't meet your entire childcare cost using the vouchers, you will have to pay the childminder directly for the rest.If you pay for childcare, using childcare vouchers saves many parents 1,000s a year.Choose from a wide range of childcare * - The age of 16 if they are disabled (until 1st September following their 16th birthday).So there you have.It works by 'salary sacrifice so how does the scheme work?You wouldn't have paid tax or NI when you first got the vouchers, because that's the perk of taking them.If you're not taking advantage, check to see if it's worth signing up the scheme was meant to close to new applicants in April but this has now been extended for another six months so you've still got time to join the scheme.I can't quite see why you would look beyond.
The savings you make will depend on your circumstances.


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