The Workplace Nursery Scheme is designed to support families with their childcare costs. The scheme allows companies to provide tax-free childcare for their team’s children by partnering with a nursery provider. The nursery receives £100 each month for a child on the scheme, and the family can have a say in how the nursery spends this money – on additional resources for the garden, more books or trips out.
Both the company and the family will make tax savings. This is because contributions made by a company towards the workplace nursery scheme are exempt from employer National Insurance Contributions. The costs incurred by the company to set up and maintain the workplace nursery are tax deductible expenses, thus lowering the taxable profits of the company.
Any contributions to nursery costs are exempt from National Insurance contributions.
By supporting families with the costs of childcare, companies have seen increased loyalty and a reduction in team turnover rates. A team member is more likely to stay within their role if they are happy!
Juggling childcare and work can be stressful! That is why the Workplace Nursery Scheme has been designed to lessen the financial burden on working families, and offer them more affordable childcare options to drive workplace productivity.
Having the Workplace Nursery Scheme is an attractive incentive for prospective team members. It demonstrates a commitment to team wellbeing and family support.
If you are interested in learning more about this scheme, you can email teegan.traub@nfamilyclub.com. You can also download and explore our workplace nursery scheme brochure and share it with your company.
Download brochure