Child Care Vouchers

• Childcare Vouchers are available at Royal Holloway for all members of staff.
  
• This is a salary sacrifice scheme whereby childcare vouchers are issued in exchange for a reduction in salary of the same amount. Tax and National Insurance contributions are not paid on the vouchers, which is where the financial savings are made.
• Staff who wish to receive Childcare Vouchers will be required to sign an amendment to contract letter confirming the value of vouchers that are required and the subsequent reduction in salary.
• The maximum value of childcare vouchers for which tax relief can be received is £243 a month, £124 for higher rate tax payers and £97 for additional rate taxpayer.
• Edenred Services has been appointed by Royal Holloway to issue Childcare Vouchers to staff, further details about Edenred Services and how the scheme operates are available on their website
  www.childcarevouchers.co.uk
  
• Members of staff who join the scheme will be issued with a unique account number and details of how to access the account by Edenred in an introduction pack. These packs will be issued once the first order for Vouchers has been placed on the member of staff’s behalf by the College.
• Accounts can be accessed by telephone or online. Once the account has been activated the member of staff will be able to tell Edenred to whom they wish their Vouchers to be paid. Payments can be set up on a regular basis to the same Childcare provider or as a one off event.
  
• Applications for vouchers can be made at any time but must be received in HR by the end of the month before that in which they are first required.

Further details and an application form are available below

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