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

The amount you save will depend on your employees’ pension status, but you could save up to £423 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.