Benefits for Employers
There are so many reasons to provide childcare vouchers as a benefit to your employees. Below are just a few:
They will save you money
Our childcare voucher scheme is designed to financially benefit the employer as well as the employee. Childcare vouchers are National Insurance exempt for the employer, so the NI savings will more than cover the administration charge for the scheme. Typical NI savings for an employer are 13.8%.
Co-operative Flexible Benefits charges a fee for administering the scheme, which is a percentage of the value of vouchers ordered. There is no initial set up fee and there is no charge if there are no employees on a scheme. Fees are negotiated on a case by case basis, so please contact our Helpdesk on freephone 0800 458 7929 or email firstname.lastname@example.org to find out more.
The scheme is easy to operate
An important concern for employers considering launching a new employee benefit is the amount of time and administration involved. We have developed a fully HMRC compliant childcare voucher scheme which is simple to implement and run, and requires minimal administration. Our systems and processes have been independently audited by KPMG to provide you peace of mind.
Be seen as an employer of choice
Childcare vouchers have been shown to positively enhance recruitment and retention within both the public and private sector. Introducing a childcare voucher scheme actively demonstrates a commitment to family friendly working – a great boost for the image of any organisation.
Why should I work with Co-operative Flexible Benefits?
We’ll make sure you and your employees have all the facts
We are committed to offering all our clients a dedicated local Account Manager to guide you through every step of the childcare voucher scheme. Our Account Managers are extensively trained to ensure that they have a thorough and accurate understanding of relevant HMRC legislation and guidelines and they will advise you on all elements of the scheme. Plus we offer freephone Helpdesk support from 8:30am - 5:30pm Monday to Friday.
We’ll provide you will all the marketing material and support you need
Ensuring employees have a great level of awareness and understanding is crucial to the success of any childcare voucher scheme. We provide a comprehensive and user-friendly marketing package which is bespoke for each employer, taking into account employee numbers, geographical locations and other variables. Our marketing materials include workplace posters, employee leaflets, e-shots, intranet and staff magazine content. We’ll also run presentations to inform employees of the benefits of joining the scheme and be available to address any concerns or answer questions.
For more information contact our helpdesk on 0800 458 7929