Childcare Vouchers Provider

[Peoplesoft bloke]

Looking for a recommendation for a provider - has anyone's Ltd Co set up a scheme and used a provider they are happy with? If so, who is the provider?

[moorfield]

http://www.kiddivouchers.com

Dead easy to setup, and the cheapest administrator around I think. The only hassle I had was with our playgroup who had to register themselves too to take my payment.

[Peoplesoft bloke]

Quality - just what I needed, many thanks.

[MeatyPies]

As I understand it, you just need a contract between your company and the childcare provider stating the company will purchase childcare on behalf of its employee (you). The provider then invoices your company directly each month. Set up standing order from company account. Bingo, saves paying a third party.

[TheFaQQer]

As I understand it, you just need a contract between your company and the childcare provider stating the company will purchase childcare on behalf of its employee (you). The provider then invoices your company directly each month. Set up standing order from company account. Bingo, saves paying a third party.

That's what I was expecting - I asked my accountant about it this week, and he's getting back to me about it......

[basshead]

http://www.kiddivouchers.com

Dead easy to setup, and the cheapest administrator around I think. The only hassle I had was with our playgroup who had to register themselves too to take my payment.

Use them here too - go for a salary addition as its simpler to account for and doesn't require evidence to be sent to HMRC like salary sacrifice. Only if you go over the ~£250/month do you have any BIK issues.

[moorfield]

One other thing, I found that you need to get the kiddivouchers scheme setup about 2 months before you plan to start using the vouchers, due to their invoicing and payment cycle etc.

Also only take as much as you need if your childcare costs are low. If you end up with a surplus of vouchers that you don't need I don't think you can get that money back or "spend" the vouchers elsewhere (that would be nice though).

[Chugnut]

Use them here too - go for a salary addition as its simpler to account for and doesn't require evidence to be sent to HMRC like salary sacrifice. Only if you go over the ~£250/month do you have any BIK issues.

£243

One other thing, I found that you need to get the kiddivouchers scheme setup about 2 months before you plan to start using the vouchers, due to their invoicing and payment cycle etc.

Also only take as much as you need if your childcare costs are low. If you end up with a surplus of vouchers that you don't need I don't think you can get that money back or "spend" the vouchers elsewhere (that would be nice though).

You can save up unused vouchers for periods when you might need extra childcare, like holidays etc. Personally, I would go for the full £243 in addition to your salary since it reduces your Corp Tax bill.

It's also very easy to meet the requirements of the childcare voucher scheme and run it through your limited thus saving yourself the admin fee.

[Peoplesoft bloke]

Thanks for all the contributions - I can't make a contract with the provider as I don't know who they are going to be yet (child still under construction inside grump O/H). I know I could do the admin myself, but I reckon it's more cost effective to pay these dudes than using my leisure time for it.

[MeatyPies]

So instead of printing off a contract and setting up a standing order, you'll give someone £350 a year