Why should I introduce a childcare voucher scheme into my organisation?    
Who is Sodexho Pass?   
How does this scheme save money?   
What are the savings? 

Why should I introduce a childcare voucher scheme into my organisation? 

• Employer NI savings of up to £373 per employee per year

• Brings genuine financial benefit to employees - saving up to £1,195 per year

• Helps employees budget for childcare

• Cost neutral to implement

• An excellent way to recruit and retain staff

• A simple scheme to implement

• A flexible scheme which can suit your organisational needs

Who is Sodexho Pass? 

Sodexho Pass is a voucher expert with 30 years experience in 27 countries worldwide. The company issues approximately 1.7 billion vouchers each year to over 320,000 clients using specialist materials similar to banknotes to produce the vouchers and then incorporates unique security features to prevent forgery or misuse. Sodexho Pass recognises that the help and advice we offer needs to be accurate and timely. We ensure the scheme adheres to all HM Revenue & Customs guidelines.

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How does this scheme save money? 

By offering childcare vouchers through salary sacrifice or benefit in kind scheme, you save on Employer NI. The amount you save depends on your employees' pension status, e.g. if contracted out of S2P (formerly SERPS) you save 9.3% and if contracted in you save 12.8%. NI savings will still be made after payment of the management fee, which can be ploughed back into other family friendly policies. 
As well as the financial savings, employers should also be aware of the potential savings to be made in terms of staff retention, as 11% of employees leave in order to have or look after children*. With the cost of recruiting a new employee being as much as £8,200*, it pays to look after your existing staff.

Running a childcare voucher scheme also sends out a positive PR message to the rest of the business community.

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