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Childcare vouchers
Childcare vouchers

The UK government has now implemented a new childcare voucher scheme – Tax-Free Childcare.

 

Parents had until 4 October 2018 to join the current Bupa childcare voucher scheme.

 

After 4 October 2018, the childcare voucher scheme closed to new applicants.  You may however, be eligible for the new government scheme Tax-Free Childcare.

 

If you are already in receipt of childcare vouchers through Bupa you can continue to receive them for as long as Bupa runs the scheme unless:

 

  • you leave Bupa employment
  • you move to a different part of Bupa (such as moving from UK Insurance to Cromwell)
  • you already have a Care4 Account and you change your deduction to zero or it is set to zero

 

Once you have left the Bupa Scheme, you will only be eligible for the tax free childcare government scheme.  You will not be able to rejoin the Bupa childcare scheme or 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 are over 21 you must earn on average of at least £139 a week, unless you're in your first year of self-employment
  • You must earn less than £100,000 a year each (see COVID-19 note below):


  • A temporary amendment to the 30 hours free childcare and tax-free childcare regulations, allows critical workers who exceed the maximum income threshold (£100,000 per year), due to increased income as a result of the coronavirus (COVID-19) outbreak, to remain eligible for 30 hours for the current 2020 to 2021 tax year (up to a limit of £150,000). For more informaton please click here.
     
  • You cannot get any other support with your childcare, including from a childcare voucher or salary sacrifice scheme

 

To find out more about the tax-free childcare scheme, click here.

 
 
Need some help?
Get in touch with the team via RewardandPerformance@bupa.com
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