Monday, 19 August 2013

Back to school – how can you maximise your savings?

As the summer holidays are coming to a close, it’s time to go shopping for new school uniform and begin preparing your children for the new school year.

The six week summer break can be costly. As a parent, you have to deal with time off work, holiday childcare and trips away which all put pressure on the family finances. So what can you do to reduce costs when your children return to school?  

Childcare Vouchers are available from your employer.  You can choose to have up to £243** deducted from your wages each month in return for a Childcare Voucher of the same value. Vouchers are deducted before tax and National insurance is calculated, saving you up to £933** per year.

It is a common misconception for working parents to believe that Childcare Vouchers can only be used to help fund registered childcare for children under five.  They can also be used for school-age children, up to the age of 16, to pay for out of school clubs and activity camps.

Your children can enjoy the provision of a wide range of activities and by using Childcare Vouchers; you can enjoy the benefits of the financial savings available.

Remember to check before booking childcare that the provider activity accepts Childcare Vouchers as payment.

For more information about how you can start saving using Childcare Vouchers visit

**subject to individual circumstances 

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