Childcare Salary Sacrifice with Mintago
What is Childcare Salary Sacrifice?
Mintago’s Childcare Salary Sacrifice Scheme allows your employees to pay for their children’s nursery fees on a salary sacrifice basis, reducing their childcare costs by up to 47%. The scheme automatically covers 2,000 nurseries, although setups for additional nurseries just take two to three weeks, with an 80% to 90% success rate. OFSTED-approved nurseries qualify, but childminding does not.
How does Childcare Salary Sacrifice work?
With our Childcare Salary Sacrifice Scheme, your employees have higher take-home pay, as a result of paying less Income Tax and National Insurance. All your staff are eligible, as long as the salary sacrifice amount does not reduce their incomes below the national minimum wage. Implementation, nursery liaison and employee changes are managed for you, and there are no penalties for employee exits. To opt in, your people can just express their interest to join the scheme via the Mintago platform benefits page.
Why offer Childcare Salary Sacrifice?
Mintago’s Childcare Salary Sacrifice Scheme can not only help your employees save money on their children’s nursery fees, but has significant benefits for your business. With this scheme, you can increase productivity, reduce absenteeism and support diversity and inclusion, by helping your employees to fit family commitments around work more easily.
What does it cost?
The scheme is great value, as there are no costs for employees who opt in. It is also cost-neutral for employers, with savings of 1.38% of the salary sacrificed amount. Mintago offers the most competitive pricing in the market, and you won’t find another platform that matches us on both features and price, guaranteed.
