Basic Earnings Assessment
Savings
For any new employees to the
scheme, you will need to complete
a basic earnings assessment
before they can participate in the
scheme. But don’t worry; it’s much
simpler than it sounds. It is a quick
assessment based on their basic
salary, any commission, guaranteed
bonuses and overtime, taxable
benefits, London weighting and
shift allowances.
Savings Table for Tax Year 2016-2017 effective from 5th April 2016
Note: an administration fee of 5% will be
applied to payments due.
Tax
Band
Month Tax
Exempt
Amount
Annual
Exempt
Amount
Annual
Savings
Basic Tax Rate Payer 20%
£243
£2,916
£933
Higher Tax Rate Payer 40%
£124
£1,484
£623
Additional Tax Rate Payer 45%
£110
£1,325
£623
Had a lifestyle event change? Employee completes the Childcare Vouchers
Lifestyle Change Form and submit it to you.
How do employees apply?
They log in to the portal, click on ‘Make Selection’ and enter their chosen Childcare Voucher amount
Enter the children's and childcare provider details and ‘Add to Package’
O
nce they are ready to declare the benefit click on ‘Save my benefits package’, complete any missing
information and then ‘Commit benefits package’
An online childcare account will be created which the employee can manage
The electronic Childcare Vouchers will be credited to their online childcare account
Make payments to the childcare provider, or save to use later
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