Childcare vouchers

Oxford Brookes offers staff the opportunity to save money on their childcare through the provision of childcare vouchers. Staff can use childcare vouchers, a scheme operated by Computershare Voucher Services that will save money on the cost of childcare via a simple system involving a reduction in National Insurance and tax contributions.

The current childcare vouchers scheme will only stay open to new entrants until April 2018. After that time, the new government scheme called Tax-Free Childcare will be the only option available.

How does the scheme work?

Childcare vouchers are a type of salary sacrifice scheme that means a member of staff gives up part of their salary in exchange for childcare vouchers. Childcare vouchers are exempt from National Insurance and tax (up to a capped value of £55 per week/£243 per month) so parents will save their National Insurance contribution and tax on the part of their salary they take as vouchers.

The University is obliged to identify what rate of tax an individual employee will pay in any one tax year by carrying out a ‘earnings based assessment’  for any employee who joins the scheme on or after 6 April 2011. This process has been in place since 6 April 2011 due to the changes introduced by the Government. New users who join a voucher scheme after the above date may be restricted in the value of vouchers that they can take.

In real terms, a basic rate taxpayer can receive up to £243 per month/£55 per week in vouchers and can expect to save up to £933 per year; a higher rate taxpayer can receive up to £124 per month/£28 per week in vouchers and can expect to save up to £623 per year; an additional rate taxpayer can receive up to £110 per month/£25 per week in vouchers and can expect to save up to £623 per year.

Employees who already participate in the University childcare vouchers’ scheme on or before 5 April 2011 are not affected by these changes unless they leave the scheme or their employment and retain the current level of savings.

In real terms, if you receive £243 per month in vouchers you can expect to save around £75 per month if you are a basic rate taxpayer or £99 per month if you are a higher rate tax payer.

Oxford Brookes will deduct the amount you take in vouchers from your gross salary in the monthly payroll process and will forward the amount to Computershare Voucher Services, who will then pay your individual childcarer(s) within 4 working days of receiving the payment.

The vouchers can be used for any registered childcare provision - childminders, after school clubs, holiday and activity clubs as well as day nurseries, and nannies who may care for your child up to the age of 16, or aged 16 years if your child has a disability.

Computershare Voucher Scheme information

What are my payment options?

You pay your carer electronically, using a secure online account to authorise payment. There are three ways to pay a carer:

  • One-off payment: When you want to make a one-off payment to your carer(s) immediately.
  • Recurring schedule payment: When you want to make a regular payment to your carer(s), you can set up a recurring scheduled payment. Recurring payments can be paid weekly, fortnightly, 4-weekly and monthly.
  • One-off schedulde payment: When you want to make a one-off payment to your carere(s) at a future date.

What happens if my childcare or account arrangements change?

Notification must be made to the Computershare Voucher Services department (contact details below) of any changes to the account. Alternatively, you can contact Brookes' Payroll department.

How to apply

You will need to register online (Brookes Scheme ID - 0019230201). The Parent Signup document (PDF 854KB) will help you with this process.

Or telephone by calling the Parent Relations team on 0845 002 9999.

Contact

If you have any further queries or require more information please contact Computershare Voucher Services:

  • Helpdesk 0845 002 1111 (8am to 8pm Monday to Friday)
  • Email: parent@computershare.co.uk
  • Address:
    Computershare Voucher Services Limited
    The Pavilions
    Bridgwater Road
    Bristol
    BS13 8AE

 

Updated October 2014