41% want to receive childcare vouchers through salary sacrifice
04 April 2017
Two-fifths (41%) of respondents want to receive childcare vouchers via a salary sacrifice arrangement as part of their employee benefits package, according to research by Sodexo Benefits and Rewards Services.
Its survey of 1,000 employees also found that 51% of respondents want to contribute to their workplace pension through a salary sacrifice arrangement.
The research also found:
- 36% of respondents would like to have access to discounted shopping through a salary sacrifice arrangement.
- 20% of respondents would like their employer to provide access to car schemes through salary sacrifice, and 18% would like to be offered gym membership as a benefit through a salary sacrifice arrangement.
- 22% of respondents who are parents have had to borrow money from friends and family to pay for childcare, and 32% have seen the cost of childcare increase by more than 10% since they started raising their child.
A new government website has been launched which aims to provide information on the new and existing government childcare offers. Tax-Free Childcare is amongst the offerings detailed on the childcare choices website and will be introduced on 28 April with a gradual rollout to eligible parents over 2017. The existing employer supported childcare voucher scheme will be closed to new entrants in April 2018.
The new website has been designed for parents as a quick and simple way of seeing which schemes could provide support for their families and includes a childcare calculator which will allow parents to compare the government’s childcare offers.
Parents can also pre-register for email alerts that will notify them when they can apply for Tax-Free Childcare.