Workplace Creche – Benefits For Parents and Employees – and their children
Childcare is expensive, the average cost of nursery fees in the UK is £850 per month and this rises to £1,100 in London. Many parents are paying more still for places in high quality nurseries and creches where demand for places outstrips supply.
One of the key benefits of a workplace creche scheme is that it saves parents money, a four-figure sum per year.
A parent paying standard rate tax and with a fairly typical monthly nursery bill of £1,000 per month would save around £3,000 per year through the scheme, this in tax and National Insurance savings.
Any parent with multiple children in nursery or creche provision could save far more still – a higher rate tax payer with a monthly nursery bill of £2,000 would save a staggering £8,548 per year.
We have a full savings calculator on site.
The savings are far higher than with the old Childcare Voucher scheme, for parents the workplace nursery and creche schemes are a significant upgrade and so a benefit they need to push their employer to provide.
There are other benefits for parents too. The reduced costs make it easier to book in extra childcare, covering extra days as required without the expense being overly burdensome.
Parents also get a say in how extra funding at the nursery is spent – as part of the benefit the nursery or cache receives additional funding, the parents getting a say in how this is spent. It could be used to improve outside space, stock up on educational toys or provide educational trips out.
Parent enquiry form