FPS Umbrella in conjunction with Busy Bees, had launched the childcare vouchers for contractors. This is a more flexible way to meet the costs of childcare, under which part of the parents wages or salary can be given up or “sacrificed” in exchange for childcare vouchers.

Childcare Vouchers are simple to set up and use. Here is a list of some of the benefits:

• They are exempt from tax and National Insurance contributions – a hugely important tax concession for working parents.
• Savings can be made by both parents.
• Working parents can each save up to £1196 per year via reduced tax and NI.
• The vouchers are HMRC and government approved.
• Can be used to pay for all approved or registered childcare for children ages 0-16 years old, from nursery fees for the little ones to activity holidays for the teenagers.
• Tax free benefit voucher value £55 per week/£243 a month
• Busy Bees vouchers provide discounts on Busybees nursery places.
• Since the vouchers were launched a number of FPS Members have signed up for this and seen the benefits immediately.