Can I use the Scheme to pay for holiday or non-regular care?
You can use the Childcare Vouchers to pay for regular care and for periodic care and still use salary sacrifice. For example, Childcare Vouchers offer the flexibility to pay for your holiday childcare as follows: • Childcare Vouchers can be paid to any registered childcare provider • you make an estimate of the total annual cost of your childcare and divide that by 12 in order to calculate the average monthly cost • you can salary sacrifice a maximum of £243 per month and benefit from the tax and NI savings on that amount • the funds will accumulate until you have booked your holiday place and are ready to make the payment in one lump sum • you instruct kidsunlimited to pay your chosen carer up to the full amount that has been “banked” in your HSBC Childcare Voucher Scheme account.
