Company paying for Childcare...

[russy01]

Good Morning,

Ltd Company has no experience with Childcare and no current policies...treat Ltd company as a complete numpty.


Employees X&Y are married, both work for Ltd company, have a 1yr old child and pay basic tax. Their child is going to start attending a Nursery 2 days per week at a cost of £336 per month.

Ltd Company wants to foot the full bill for employees X&Y over and above their current salary..... what is the best way to do this.

Thanks in advance...

[russy01]

I had hoped that the company could have paid for the childcare up to the value of £55 a week per employee with no affect to their payslip. Then treating anything over and above that as a BIK?

[russy01]

Ok thanks for your input.

Doing our own scheme for a fixed amount for Employees X&Y is all well and good...however I read a lot about the same having to be available for every member of staff. Does this mean the same down to the actual contribution amount or the fact they they get support.

e.g Employee X is a Senior Manager who has been with us for 10years - happy to offer them fully paid childcare for their single child as they are valuable to the business (lets say this works out at £300pm)

Employee A, has been with us for 6weeks and is much lower down the hierachy....surely I dont have to offer them £300pm childcare too?

[russy01]

Guvernator said:

Not the same amount, you just have to offer the contribution scheme to everybody who is on the payroll.

My last comment referred to our original idea of simply:

russy01 said:
I had hoped that the company could have paid for the childcare up to the value of £55 a week per employee with no affect to their payslip. Then treating anything over and above that as a BIK?