Funding and Vouchers
- Helping you reduce the cost of childcare
Childcare Vouchers
It is possible to save up to £2392 pa of Tax and National Insurance on the cost of your childcare by using childcare vouchers. These vouchers are non-taxable and exempt from National Insurance Contribution up to a limit of £243 per month or £55 per week per parent. This means that families where both parents are taxpayers there is a potential saving of between £1924 and £2393 per annum on your tax status.
The provision of vouchers must be part of an employer?s scheme, but because vouchers are exempt from both employer and employee NIC your employer benefits too.
We are happy to accept vouchers from any recognised scheme, but the payment terms must meet those of our settings. Please ask for details.
Child Tax Credits and help with nursery fees.
Assistance may be available to working parents by applying for Working Tax Credit and Child Tax Credit. Further
Help may be available with the cost of your child care subject to meeting the terms and conditions of HMRC. Customers wishing to apply for this should communicate direct with HMRC.
Early Years Education Funding Education Scheme (EYEFS)
We are registered with our local authorities to supply education and receive the government funding for 3 and 4 year olds. The funding becomes available in the school term following their 3rd birthday. As we are a private day nursery, this funding is paid directly back to you the parent deducted from your monthly invoices
All three and four year olds are entitled to 12.5 hours of free early education for 38 weeks of the year. This applies until they reach compulsory school age (the term following their fifth birthday).
Some local authorities (LAs) are offering 15 hours of free early education a week, with all LAs doing so from September 2010. This will be delivered flexibly over a minimum of three days.
When your child qualifies for a free place
The table below shows when your child will become eligible for their free early learning place.
| If your child is born between: | They are eligible for a free place from: |
| 1 April and 31 August | 1 September following their third birthday until statutory school age |
| 1 September and 31 December | 1 January following their third birthday until statutory school age |
| 1 January and 31 March | 1 April following their third birthday until statutory school age |
2 Year Old Funding
Free 2 Year old funding is potentially available for children attending Toybox Day Nurseries.
Louise Watson
INFORM 0 - 19 Telephone: 0300 300 6086