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What is a benefit in kind scheme?

benefit Scheme
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What is a benefit in kind scheme?

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A benefit in kind scheme involves the employer giving childcare vouchers to employees on top of salary. In this case (where the qualifying criteria are met), the vouchers are free from Employer NI contributions for up to 55 per week and employees save on tax and NI up to this amount. Any amount over this attracts tax and NICs.

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