We previously communicated a deadline of February 2018 for parents to join our childcare voucher scheme to help with childcare costs. The UK government has now delayed the start of their new childcare voucher scheme – Tax-Free Childcare - until the autumn. Parents now have until 14 September 2018 to join the current Bupa childcare voucher scheme.
Details of how to sign up to the Bupa scheme are at the end of this article. Please read all the information below carefully to understand the best scheme for you.
What is changing?
- After 14 September 2018, the childcare voucher scheme will close to new applicants, however, you may still be eligible for the new government scheme – Tax-Free Childcare.
- If you already get childcare vouchers, you'll continue to receive them for as long as Bupa runs the scheme, however, there are some reasons highlighted below why you may no longer be able to continue in the scheme
- If you move to a different part of Bupa (such as moving from UK Insurance to Cromwell), you'll no longer be able to stay in the scheme. This is because it's classed as you changing employer by choice.
- If you leave Bupa, this is also classed as changing employer, so you won't be able to join your new employers childcare voucher scheme. We'd recommend that you review your childcare benefit options using the government website
- If you already have a Care4 Account and you change your deduction to zero or it's currently zero, you can restart you deductions within a 12 month period from the date you changed it to zero. After this time you'll no longer be able to restart your deductions in the scheme.
- If you leave the scheme and join the tax free childcare government scheme, you wont be able to re join the childcare voucher scheme at a later date. Also if you join the tax free childcare scheme you can't continue to claim childcare vouchers with Bupa.
Who is eligible to join the new scheme?
-You and your partner must both work in the UK (those who are self-employed now also qualify).
-You must be 16 or over. If you're over 21 you must earn on average at least £120 a week, unless you're in your first year of self-employment.
-You must earn less than £100,000 a year each.
-You can't get other support with your childcare, including from a childcare voucher or salary sacrifice scheme.
Will the new Tax-Free Childcare Scheme benefit me?
To find out more about the tax-free childcare scheme, click here
Who will the change benefit?
-It depends on your situation.
-You can go online
and use the childcare calculator to work out which type of support is best. If you apply for tax-free childcare and you're successful, you can't continue to claim childcare vouchers with Bupa. Any vouchers you already have under Bupa's scheme (Care4) can still be used but no new vouchers may be claimed.
-Once you've told Bupa that you're getting tax-free childcare, you can't rejoin our voucher scheme.
How do I re start my deductions to the childcare voucher scheme
If you already have a Care4 Account and you change your deduction to zero or it's currently zero, you can restart you deductions within a 12 month period from the date you changed it to zero. After this time you'll no longer be able to restart your deductions in the scheme.
To restart your deductions, please use the guide below titled 'Amending or stopping your childcare voucher in Workday' and login into your Care 4 account to restart your payment to the childcare provider.