How will the Linking Up childcare voucher scheme affect Working Tax Credits (WTC) for my employees?
Employees may be entitled to receive a payment under the "childcare element" of the WTC dependent upon their personal circumstances. A calculator is provided on our site
www.linkingup.org.uk to help.
For example if an employee enters into a childcare voucher scheme and receives childcare vouchers worth £55 per week and childcare costs are £75 per week, the ‘childcare element’ of WTC would be calculated on the remaining £20 costs that you incur.
contact Revenue and Customs on 0845 300 3900.
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How will I find out if legislation changes affect the scheme?
The Linking Up customer service team will contact you to advise of any changes and information will placed on our site at www.linkingup.org.uk
How would my company benefit from the scheme?
In addition to your organisation making a saving up to £370 PA per employee on the NIC- that’s £10,000 saved for 30 employees per year!- by implementing the childcare voucher scheme your company would be increasing its corporate social responsibility by helping a children’s charity.
What will the scheme cost my company?
There are no extra direct costs associated with the Linking Up childcare voucher scheme as the management fee is paid out of the employer’s NIC savings.
What happens to the management fee?
After initial costs all the profits generated by management fees go by Gift Aid to Children’s Links.
Where do I send the form?
The completed RF1 form along with a signed copy of the terms and conditions (RF3) should be returned to:
Linking Up
Children’s Links
FREEPOST NEA8551
Horncastle, LN9 6BR
Or faxed to Linking Up Ltd on 01507 528301
Or signed, scanned and emailed to enquiries@linkingup.org.uk
I would like to know more about the scheme. What do I do?