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Salary Sacrifice Scheme for Childcare Vouchers
Scheme Guide for members of staff
1. Introduction
1.1 Background to the Scheme
The University of Bristol (“The Employer”) has introduced Childcare Vouchers through a
Salary Sacrifice Scheme for employees as part of the commitment to developing a
Positive Working Environment (PWE) for working parents.
The Scheme is administered on behalf of the Employer by Edenred.
Under the salary sacrifice arrangement, Childcare Vouchers you receive will qualify for
Tax and National Insurance exemption, in line with the table below, enabling you to
potentially benefit from significant tax and National Insurance savings.
Basic Rate
Taxpayer
20% tax *12% NI
Parents in the scheme before
6th April 2011
Parents who join the scheme
after 6th April 2011
Weekly tax exempt
amount
£55 £55
Monthly tax exempt
amount
£243 £243
Annual tax exempt
amount
£2,916 £2,916
Savings £933 £933
Employer’s NI
Savings*
£402 £402
Higher Rate
Taxpayer
40% tax *2% NI
Parents in the scheme before
6th April 2011
Parents who join the scheme
after 6th April 2011
Weekly tax exempt
amount
£55 £28
Monthly tax exempt
amount
£243 £124
Annual tax exempt
amount
£2,916 £1,484
Savings £1,225 £623
Employer’s NI
Savings*
£402 £205