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Childcare Vouchers or Tax Credits - Better Off Calculator

Update August 2018: Childcare vouchers are closing to new entrants on 4 October 2018 BUT if you're thinking of joining you must have a initial deduction taken from your salary in SEPTEMBER in order to be considered a member of your workplace's current scheme. Speak to your employer NOW!

Your employer may offer you childcare vouchers to help with your childcare costs. They could be in return for a reduction in your pay - known as a 'salary sacrifice'. Childcare vouchers may affect the amount of tax credits you can get.

On the HMRC website, there is a useful calculator which you can use to work out if you would be better off using childcare vouchers or not.

Who to contact

Website
Better Off Calculator

Who is it for?

Ages
For all families

How to use this service

Referral Required?
No
Cost Information
Free

How accessible is this service?

Further Details

Not applicable.

Last updated date:
20 August 2018

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