Childcare Vouchers
Leaving the scheme or amending the amount of vouchers you require, must be done directly with Computershare (not payroll) and, to comply with salary sacrifice rules, must be before the start of the month. If you have permanently left the scheme & have vouchers you will never be able to use, please request a refund form from Computershare & send it to Sally Hicks.
Changes to childcare vouchers from October 2018
The childcare voucher scheme is no longer open to new applicants (if you change employer you are also classed as a new applicant and therefore ineligible) and current members must have had at least one voucher deduction in the last 12 months. If it is more than 12 months since your last childcare voucher deduction, your eligibility has lapsed.
What are my other options?
You may qualify for tax-free childcare instead – find out more on the gov.uk website or the Childcare ChoicesLink opens in a new window website. However, you won’t be able to continue to claim childcare vouchers if you successfully apply for tax-free childcare. In this instance, you’d need to cancel your Computershare vouchers with Computershare and also inform payroll@warwick.ac.uk of the change within 90 days.
I’m already part of the scheme – will I be affected?
If you have already joined Computershare, you can continue to receive your vouchers as long as you stay employed by the University and you don’t take an unpaid career break of longer than a year. You can continue to redeem any vouchers you currently have – there is no deadline for using them.
I have some questions – who can I contact?
Please contact Computershare to ask more specific questions about the scheme
The University operates a scheme whereby employees can opt to receive childcare vouchers in return for sacrificing part of their salary. As vouchers are non-taxable and exempt from National Insurance, significant savings can be made.
- Leaving the scheme or amending the amount of vouchers you require, must be done directly with Computershare (not payroll) and, to comply with salary sacrifice rules, must be before the start of the month.
- The minimum deduction is £20 per month. If you take an unpaid career break of up to a year, you can remain registered with the voucher scheme but you will need to contact Computershare and request a temporary suspension.
- The maximum deduction depends upon your tax rate; it is £243 for basic rate taxpayers and £124 for higher rate taxpayers. The payroll department has to carry out an annual Basic Earnings assessment for employees who joined the scheme after 6th April 2011 to determine their tax rate.
- You do not have to use all your vouchers in one month; they can be stored for future use but please do not store more than you expect to use.
- Vouchers can be used to pay for all types of registered childcare including day nurseries, nannies, au pairs, crèches, childminders, out of school clubs, holiday schemes & activity clubs, provided they accept Computershare childcare vouchers.
- If you have inadvertently accumulated an excessive amount of vouchers which you will be unable to use, contact Computershare for a refund request form, which you should complete and send to Sally Hicks, HR (but please note refunds will only be agreed to in exceptional circumstances).
Can parents get their vouchers refunded?
The University only processes refunds if you are leaving the Computershare scheme completely
E-vouchers are valid for as long as the parent has an eligible child. Paper vouchers are valid for 12 months, but parents can request a re-print after this period or exchange their paper voucher for an e-voucher through their online account.