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Childcare+

The University of Reading childcare voucher scheme

Group of children

The University offers a childcare voucher scheme in partnership with Computershare to help parents save money on the costs of childcare. This scheme is offered as a salary sacrifice arrangement to take advantage of tax and National Insurance savings.

 Click on the link ww.computersharevoucherservices.com  to access information about the scheme and to register. Here you will find a parents' guide, frequently asked questions, a savings calculator and details on how to register for the scheme.

To register you will need to have the University's Scheme ID (below), your employee number and National Insurance number to hand.

Scheme ID - 0019233939

You can also contact Computershare Customer Services on 0845 002 1111

 

How much can I save?

The government has set a limit on the amount of salary that can be exchanged for childcare vouchers. The amount of salary that you can exchange depends on the level of tax that you pay. Because the vouchers are exempt from tax and NI it will cost you less to pay for your childcare arrangements.

If you were already in the scheme before 6th April 2011, and have stayed in the scheme continuously, you will be able to exchange £243 per month for childcare vouchers, irrespective of the level of tax you pay.

 

Basic Rate Taxpayer

Higher Rate Taxpayer

Additional Rate Taxpayer

Monthly Salary Exchange limit

£243

£124

£110

Annual Savings

£933

£623

£623

 

By participating in Childcare+ you are agreeing to a change in your terms and conditions of employment. In exchange for a reduction in your gross contractual salary, you will be entitled to the benefit of participation in the University’s childcare voucher scheme.

Where can I use childcare vouchers?

Childcare vouchers can be used for: nurseries, play schemes, breakfast and after school clubs. Childcare vouchers are not just for babies and can be used to pay for the care of children up to the age of 15 (until 1st September following their 15th birthday).

You can use childcare vouchers to pay for holiday clubs or play schemes during school holidays. All childcare must be registered.

Child tax credit

Each working family situation is unique, therefore you should always take advice regarding Child Tax Credits and childcare vouchers. Tax credit information is available from HMRC https://www.gov.uk/child-tax-credit.

Changes from April 2017

With effect from 28th April 2017 the government is launching the new Tax-free Childcare (TFC) scheme. TFC will provide parents with children under the age of 12 up to £2,000 a year per child to help cover childcare costs. For every £8 a parent pays in, the Government will pay in an extra £2.

There will be a phased roll-out of TFC, with parents of children under two being able to enter the scheme first. All eligible parents with children under 12 (or 17 for children with disabilities) will be able to access the scheme by the end of 2017.

Parents will be able to open an online account through the government website GOV.UK, which they can use to pay for childcare from a registered provider. To qualify, parents will have to be in work, and each expecting to earn at least £120 a week and not more than £100,000 per annum. There is a calculator available to determine whether you'll be better off https://www.gov.uk/childcare-vouchers-better-off-calculator.

However, the existing childcare voucher scheme operated by the University will remain open to new applications until April 2018. You do not have to switch to TFC if you don't wish to. Parents who are already in the childcare voucher scheme will be able to remain in the scheme until their children are 15 years old, or for as long as the University provides it.

For more information on TFC please visit www.giveyourselfachoice.com or https://www.childcarechoices.gov.uk.

 

 

 

Things to do now

Please view the following  for more information about Childcare vouchers

Contact us

Computershare Customer Services

  • Email: parent@computershare.co.uk
  • Telephone:
    0845 002 1111
  • Address:
    Computershare Voucher Services Ltd
    The Pavilions
    Bridgewater Road
    Bristol
    BS18 8AE

 

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