Example savings for employers
The savings from running a scheme depend on the rate of NI you pay, i.e. whether staff are contracted in or contracted out of S2P/SERPS.
Example savings are shown below:
Contracted-in employees:
| Number of employees taking childcare vouchers | Annual Employer NI Savings |
|---|---|
| 20 | £7,465 |
| 10 | £3,732 |
| 1 | £373 |
Based on an Employer NI rate of 12.8% with each employee taking full annual entitlement of £2,916 in vouchers.
Contracted-out employees:
| Number of employees taking childcare vouchers | Annual Employer NI Savings |
|---|---|
| 20 | £5,424 |
| 10 | £2,712 |
| 1 | £271 |
Based on an Employer NI rate of 9.3% with each employee taking full annual entitlement of £2,916 in vouchers.
To review the scheme costs, please click here.