Benefits of the Workplace Nursery Scheme

The Workplace Nursery Scheme is an initiative that offers remarkable benefits to employers, employees, and nurseries alike. This scheme capitalises on existing childcare legislation, enabling parents to save significantly on childcare costs. It is a popular and beneficial childcare option supported by employers.

Overview of the Workplace Nursery Scheme

This scheme is specifically designed to support working parents with children up to the age of five. It allows parents to use any approved nursery of their choice, giving them flexibility and assurance in their childcare arrangements.

“The beauty of the Workplace Nursery Scheme is the freedom it gives parents to choose the best nursery for their child. It’s a scheme that truly puts families first.”

The scheme requires average nursery fees to be over £650 per month. However, there is no maximum fee limit, meaning parents can make substantial savings on Tax and National Insurance (NI) on their full nursery fees.

How Much You Can Save

The cost savings associated with the Workplace Nursery Scheme are truly significant. Parents can save between 32% and 47% on their nursery fees. For example, if your monthly nursery fees are £1,000, you can save around £4,200 per year as a higher rate tax payer and over £2,900 as a basic rate tax payer.

Benefits for Employers

The Workplace Nursery Scheme is beneficial not only for parents but also for employers. It helps businesses to retain experienced and talented staff without incurring additional costs. It can also attract high-calibre new staff. The scheme is fully managed by a trusted partner, making it easy to integrate into your payroll.

Benefits for Nurseries

Nurseries also stand to gain from the Workplace Nursery Scheme. By partnering with the scheme, nurseries can receive substantial financial benefits. These funds can be used for improvements and enhancements to the nursery environment, further benefiting the children in their care.

Personal Experiences

Several parents and employers have shared their positive experiences with the Workplace Nursery Scheme.

  1. Claire Sanderson, Editor-in-Chief at Women’s Health, found the scheme to be a win-win for her family and her child’s nursery. She saved £1,400 in six months and her child’s nursery used the money it received to improve its garden area.
  2. Mrs Forster, a parent and employer, found the scheme easy to set up and manage. She appreciated the office support from her scheme provider and found the benefits to her company and colleagues to be substantial.

Getting Started

Setting up an agreement with the Workplace Nursery Scheme is quick and easy. Once set up, the scheme can be managed via a user-friendly hub. This makes it easy for small and medium enterprises (SMEs) to offer Blue Chip benefits to their employees.

Speak to an Advisor

If you’re interested in the Workplace Nursery Scheme, you can speak to an advisor today. They can provide guidance and answer any questions you may have.

Conclusion

The Workplace Nursery Scheme is a beneficial initiative that supports working parents, employers, and nurseries. It provides significant cost savings and flexibility in childcare arrangements. It’s a scheme that truly puts families first.

To find out more about the Workplace Nursery Scheme, visit the dedicated website here.

This article is based on information from Enjoy Benefits and personal experiences shared by Claire Sanderson and Mrs Forster.

Italic text denotes direct quotes from individuals.

To find out more about the Workplace Nursery Scheme, visit the dedicated website [here](https://www.example.com).

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