Childcare voucher schemes were due to close to new entrants on 5th April this year, however, the Government has now announced plans to keep this open for a further 6 months.
Childcare vouchers are being replaced with Tax-Free Childcare, however, this new scheme has encountered numerous technical issues, including issues with its website and passwords not being recognised.
Whilst it’s clear the plan is still to replace the current voucher schemes, this extension does buy employees time to consider which option works better for them and employers may notice an uptake in employees opting for childcare voucher benefits in the next 6 months with a view to keeping their options open.