Benefits and Savings
Benefits include:
Enhanced Employee Retention
Increased reputation as an Employer of Choice
More settled workforce
NI savings that could be used towards other family friendly policies
Savings at Employer NIC rate of 12.8%
No. of employees taking childcare vouchers | Annual Employer NI Savings* |
100 | £ 37,325 |
50 | £ 18,662 |
20 | £ 7,465 |
10 | £ 3,732 |
*For illustrative purposes only - Assumes employees take the maximum £55 per week allowance and Employer NI rate is 12.8%.
Savings at Employer NIC rate of 9.1%
No. of employees taking childcare vouchers | Annual Employer NI Savings* |
100 | £ 27,065 |
50 | £ 13,532 |
20 | £ 5,413 |
10 | £ 2,707 |
*For illustrative purposes only - Assumes employees take the maximum £55 per week allowance and Employer NI rate is 9.1%.
For examples of the savings your employees can make click here.
Management fee
Sodexo Pass charges a percentage management fee on the face value of vouchers ordered. This management fee is reflective of the type of vouchers ordered, the frequency of your pay periods and the number of employees on the scheme. Even if you only have one person using childcare vouchers, you will still save money.
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"Childcare Voucher Provider of the Year"
Sodexo Pass Limited
Solar House
Kings Way
Stevenage
Herts
SG1 2UA
Registered No. 02680629
