Savings for sprogs

The uproar caused in September 2009 when the government announced plans to remove the tax savings on childcare vouchers, and the subsequent reversal of this policy after pressure from parents and businesses, is a clear demonstration of the high value placed on childcare vouchers as an employee benefit. According to childcare charity The Daycare Trust, families pay on average between £7,000 and £8,000 a year for a full-time nursery place. Childcare costs are a topical and emotive subject and are often a principal driver in influencing an employee’s decision in regards to selecting and pur...