Save over £1,195* a year with childcareplus
Is the cost of childcare becoming too much? If so then De Montfort University’s childcareplus scheme may be just what you are looking for! We are delighted to announce that there is now an opportunity for you to sign up for the Tax Free Childcare Voucher Scheme, which will be run in conjunction with our partner P&MM Ltd.
P&MM are one of the largest employee benefits providers in the UK and are working to provide tax free childcare voucher’s for a number of other organisations around the UK.
What is childcareplus?
childcareplus is an employee benefit that saves you money by allowing you to receive part of your salary free of tax and national insurance to pay for government approved childcare. You can use the service to replace or run alongside your existing childcare payments.
Am I eligible?
In order to qualify you must be paying for childcare for children under the age of 15, or 16 if they have special needs.
How much can I save?
It depends on how much tax and national insurance you pay. If you take the maximum allowance of either £55 per week or £243 per calendar month, you will save the tax and national insurance you would normally pay on the cash amount. Typical savings are between £915 and £1195 per year if you take the maximum value, although you can order as little as £10 per month if you wish.
Who can I pay on the scheme?
Your childcare, after-school club or holiday club provider MUST be government registered eg Ofsted, if you want to pay them through childcareplus. You can use a combination of providers or change providers as often as you wish.
How to apply?
Apply online here or by calling 0800 161 3042
Alternatively, if you would like someone to call you to discuss the scheme, just text ‘childcare’ and ‘your name’ to 81025
*exact savings are subject to your individual tax and national insurance calculations
Childcare Plus process (45 kb)
Childcare Plus information (1,655 kb)
Childcare Plus FAQ (42 kb)