By offering childcare vouchers through a salary sacrifice scheme, you save on Employer NI which has historically been 13.8% for some years. For 2022/23 tax year the Employer NI rate will increase to 15.05%.

The amount you save will depend on your employees’ pension status, but you could save up to £439 per employee per year.

As well as the financial savings, employers should also be aware of the potential savings to be made in terms of staff recruitment and retention.