Changes to childcare vouchers
17 January 2011
Government changes to Childcare Vouchers are due in April 2011 and may cost you money.
In June 2010 the emergency budget announced major changes in the amounts of childcare vouchers allowed for higher (40%) and top rate (50%) tax payers. These changes are due to come into effect on 6 April 2011.
Consequently new users who join the scheme on or after 6 April 2011 will be restricted in the number of vouchers they may be able to take. The amount of vouchers will be based on an employee’s earnings and is based on the rate of tax which the individual employee is liable to pay. Further information can be found in the attached leaflet and on the HR website http://www.ljmu.ac.uk/childcarevouchers/index.htm
Existing users of a childcare voucher scheme on or before to 5 April 2011will not be affected by the legislative changes that will be implemented on 6 April 2011.
If you have any queries about these forthcoming changes, please contact Norah Hignett in the HR Department on ext: 6133 or email email@example.com