What will my payslip show? 

Will taking childcare vouchers affect my pension scheme contributions? 

Will taking childcare vouchers affect my Statutory Maternity Pay / Statutory Paternity Pay? 

Will taking childcare vouchers affect my Working Tax Credit? 

Will taking childcare vouchers affect my Child Tax Credit?  

Will my overtime payments be affected? 

What will my payslip show? 

Your vouchers may or may not appear on your payslip. Often your salary post-vouchers is shown and the voucher value is shown separately. The reduced tax and NI contributions are then shown on the opposite side of the payslip.

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Will taking childcare vouchers affect my pension scheme contributions? 

The impact on the state pension scheme (S2P or SERPS) is likely to be negligible. Most other pension providers are happy to accept childcare vouchers as notional pay. Ask your scheme co-ordinator for confirmation of whether your pension contributions are affected.

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Will taking childcare vouchers affect my Statutory Maternity Pay / Statutory Paternity Pay? 

Statutory Maternity Pay is calculated on salary on which NI is payable so there may be a reduction in SMP when taking childcare vouchers which are NI exempt. For this reason, you may wish to consider coming off the scheme 23 weeks before your baby is due after weighing up the financial implications on your SMP versus childcare vouchers. There is no impact on Statutory Paternity Pay.

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Will taking childcare vouchers affect my Working Tax Credit? 

The childcare element of the Working Tax Credit may be affected by taking childcare vouchers. Sodexho Pass cannot comment on individual circumstances as every family's situation is different and it is your decision. The HM Revenue & Customs have a Tax Credits helpline on 0845 300 3900 which you may wish to contact prior to applying for childcare vouchers.

Alternatively there is a calculator available on HM Revenue & Customs Website which can assist you in making your decision to join a salary sacrifice scheme.

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