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Childcare vouchers and salary sacrifice schemes
(Members only)
RSS briefing, re-issued April 2005
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Childcare vouchers are often offered as part of a salary sacrifice scheme, which means that employees agree to exchange part of their salary for the equivalent in vouchers. Originally issued in June 2004, this briefing was updated in April 2005. This reflects a change to the scheme which makes childcare vouchers up to the value of £50 per week free from tax and National Insurance Contributions (NICs).
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