Eligibility
Information on what makes you eligible for the scheme.
To be eligible for the scheme:
- You must have a formal, i.e. open ended or fixed term, contract of employment with the University
- You must use registered childcare for a child(ren) for whom you have parental responsibility
- Your child(ren) must be 15 or under (16 or under if the child(ren) is disabled)
In addition, in order to financially benefit from this scheme, earnings must exceed the HMRC Lower Earnings Limit which for the tax year 2013/2014 is £473 per month. As salary sacrifice arrangements reduce the earnings on which tax and national insurance contributions are deducted you should carefully consider the potential effect on any State Benefits such as Working Tax Credit or Child Tax Credit.
This article was published on Apr 10, 2013