Backdating childcare vouchers hmrc
Taking childcare vouchers may have an effect on Tax Credits.Because every family’s situation is different, we can’t comment on your individual circumstances, but HM Revenue & Customs have a Tax Credits helpline on 03 which may help you decide what is best for your family.You then use these e-vouchers to pay your childcare provider directly online.
The vouchers are taken from your salary before your usual Tax and NI contributions are deducted so the vouchers could save you up to £933.
Email: [email protected]: 08* Address: Sodexo Benefits and Rewards Services, Unit 5 Albany Court, Albany Park Frimley Road, Camberley, Surrey GU16 7QR *Please note all calls are recorded for training and quality purposes.
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The most common method of offering childcare vouchers is through your salary; parents elect to take part of their existing salary as childcare vouchers.
Your employer then orders your vouchers and you receive them electronically on the day specified, usually your payday.
Your SMP will then be calculated at the lower rate (after your salary sacrifice deductions).