Workplace Nursery Provision: Savings for Parents, Employers and Nurseries
The cost of childcare in the UK
Parents typically pay for childcare from the birth of their child up to around the age of 12 years old. Childcare costs are heavily loaded in the early years, from birth to 5 years old being the most expensive.
Most parents choose to use a nursery for the care of their child when they return to work. The average cost of monthly nursery fees in the UK is £850 but in London, the “average” cost of a month at nursery can be around £1100+ a month.
This cost is often more than a new parent’s mortgage or monthly rent. This can influence a new parent’s return-to-work decision, as does not wanting to leave their baby in someone else’s care. Since the closure of the Childcare Vouchers scheme in the UK parents have found that the Workplace Nursery benefit is the best alternative, sometimes even saving more than was the case when childcare vouchers were available.
Workplace Nursery Benefit
The Workplace Nursery benefit offers maximum levels of saving allowing the business to make the return to work decision far easier for employees.
Enjoy Benefits specialise in helping parents, employers and nurseries benefit from existing childcare legislation that would otherwise be too costly and time-consuming to implement themselves.
For more information you can find out how a workplace nursery works or call us for full details.
What savings are available?
||Savings for Basic rate taxpayer
||Savings for Higher rate taxpayer
Better still, it saves your Employer money too.
Call 0800 088 7315