2 articles tagged with Workplace Nursery.
Unlike Tax-Free Childcare or the closed childcare voucher scheme, the workplace nursery exemption under s.318 ITEPA has no cap on the tax and NI relief available — if strict conditions are met.
A workplace nursery benefit through salary sacrifice has no monetary cap and is free of income tax and National Insurance, unlike Tax-Free Childcare which is capped and closed to those earning over GBP 100,000. For high earners the savings can be substantial.