Dramatic rise in the number of working parents benefitting from childcare vouchers
Manchester, UK – 16 December, 2008 – Early Years Vouchers Ltd
- Early Years Vouchers Ltd reports 500 per cent increase in past two months
- Childcare vouchers help parents offset spiralling cost of living
- Companies pass on real cash benefits to employees – at no extra cost to themselves
(EYVL), one of the UK's leading childcare allowance organisations, has reported a massive 500 per cent increase in the number of employers signing up to its childcare voucher scheme during October and November. EYVL's childcare vouchers are designed to make childcare a more affordable, less prohibitive cost for parents and enables them to save up to £1,195 per annum in tax and national insurance when paying for all forms of childcare. More parents than ever are now taking advantage of childcare vouchers through their employers, to help save money and offset spiralling living costs.
Organisations across a wide range of industries, and of all sizes, have partnered with EYVL to deliver savings to working parents through childcare vouchers. And it's not just the parents that benefit: businesses also benefit when they offer childcare vouchers to employees in the form of NI savings of up to £227 per employee, per annum. The EYVL scheme ensures both companies and parents achieve savings!
"Fifty eight per cent of women with a child under five and 78 per cent of women with children between six and 13 are working mums. Yet in spite of this, three quarters of working parents are not able to afford childcare," commented Amanda Ward, Director of Early Years Vouchers Ltd. "This demonstrates that there is a requirement for firms to better support working parents, especially during the credit crunch. By offering money-saving benefits, such as childcare voucher schemes, organisations can not only retain qualified employees but also produce a positive working relationship between employer and employee – and pass on some real cost-saving benefits."
"Employers are looking into ways they can be more compassionate, offering a better work-life balance to their employees, especially with increased costs of living," continued Amanda Ward. "Nowadays, childcare voucher schemes are becoming an essential element of an employee's pay packet – it's no longer just a luxury add on. Before long, employers will be expected to offer such schemes in the same way they would do a pension scheme for example."About Early Years Vouchers Ltd: Early Years Vouchers Ltd is one of the UK's leading childcare voucher companies. Founded in 2004, the company operates one of the UK's most advanced fully functional online childcare voucher systems for parents, carers and employers of any size – from large nationwide organisations with many thousands of employees to small companies with just two or three. The scheme enables each parent to achieve significant cost savings for the 2008-2009 tax year of up to £903.96 per year for a 20% tax payer and £1,195.56 per year for a 40% tax payer. Additional information is available at www.childcare-vouchers.net or contact:
Director, Early Years Vouchers Ltd
Tel: 0845 0945 804
The PressOffice – PR for Early Years Vouchers Ltd
Tel: 01780 721433
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