How does Tax-Free Childcare affect you?
There is no role for employers in the new Tax-Free Childcare initiative which was launched in April 2017. However, the current Childcare Voucher Scheme (also known as Employer Supported Childcare) will continue to be available for employees who sign up before April 2018, for as long as they choose to remain in the scheme.
Please bear in mind that many parents will save more money with Childcare Vouchers than they would with Tax-Free Childcare, so keeping your scheme open to existing users is important.
Tax Free Childcare benefits those with high childcare cost, however, those who receive less than £10,000 for part time, holiday only and so fourth, will be better off in Childcare Voucher Schemes.