Workplace Nursery Savings Calculator
If you are employed by a company or are an employee of your own business, then you could be significantly better off, by using workplace nursery benefit to pay your nursery fees.
As an example, if you were paying nursery fees of £1,200 monthly, you would save £3,530 a year. This is as a basic rate tax payer as you cut out tax and NI payments on all of your nursery fees.
If you are a higher rate tax payer, you would save £5,129 a year.
This is a benefit that doesn’t cost the employer anything to offer (in fact in most cases the employer will make a saving in employer NIC.
Click here to complete the enquiry form or telephone 0800 088 7315.