Childcare vouchers
Information for those of you already using the childcare voucher scheme
Childcare vouchers are a simple, cost-effective way to help you save money on childcare costs. Following the introduction of the government’s tax-free childcare scheme, SAP closed the voucher scheme to new applications from 31 August 2018. If you were already using the voucher scheme, through SAP, by this date, you can continue to do so in exactly the same way as before.
At a glance
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Tax savings
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Employee funded
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Flexible benefit
Tax savings
The money you pay for some benefits (such as your pension) is taken from your salary before tax and National Insurance are deducted. This means you don’t pay any tax on the money you use to fund these benefits. For some other benefits (such as tax-free saving for childcare) the tax is added back on to your contribution when the benefit is provided.
Employee funded (EE)
A benefit which you choose to join at an additional cost to you.
Employer funded (EF)
A benefit that is funded by the Company, at no cost to you.
Limited time benefit
You can only sign up to limited time benefits during March, or within three weeks of joining SAP.
Flexible benefit
You can sign up for flexible benefits at any point during the year. Be aware that you can’t always make changes to these benefits at any time during the year, so check on the conditions when you sign up.
