Workplace Nursery Ltd specialises in facilitating access to the UK government's Workplace Nursery Benefit, a salary sacrifice initiative that enables employees to pay nursery fees from their gross salary, resulting in significant savings on income tax and National Insurance contributions. The company collaborates with employers and nurseries to establish and manage this benefit, aiming to alleviate childcare costs for working parents.

A Brief Overview of Workplace Nursery Ltd's Offerings

Workplace Nursery Ltd provides a comprehensive service that includes:

• Consultation and Setup: Advising HR teams and relevant stakeholders on best practices for implementing the Workplace Nursery Benefit, ensuring compliance with government regulations.
• Partnership Facilitation: Coordinating agreements between employers and nurseries to establish partnerships that qualify for the tax exemption.
• Administrative Support: Managing the ongoing administration of the scheme, including salary sacrifice arrangements and communication between all parties involved.

The Main Benefits for Employees

1. Substantial Financial Savings: By paying nursery fees from their gross salary, employees can save up to 41% on childcare costs, depending on their tax bracket.
2. Simplified Childcare Payments: The salary sacrifice arrangement streamlines the payment process, reducing the administrative burden on employees.
3. Enhanced Work-Life Balance: Access to affordable childcare enables employees to better balance their professional and personal responsibilities, reducing stress and improving overall well-being.
4. Increased Job Satisfaction: Financial relief from high childcare costs can lead to greater job satisfaction and loyalty to the employer.

The Main Benefits for Employers

1. Employer National Insurance Savings: Employers save on National Insurance contributions for the portion of the salary sacrificed, which can be reinvested into the partner nursery or other employee benefits.
2. Improved Employee Retention and Recruitment: Offering the Workplace Nursery Benefit enhances the company's benefits package, making it more attractive to current and prospective employees, particularly working parents.
3. Demonstrated Commitment to Employee Welfare: Providing support for childcare costs shows a genuine investment in employees' well-being, fostering a positive organisational culture.
4. Cost-Neutral Implementation: The scheme is designed to be cost-neutral for employers, as the savings on National Insurance contributions can offset any administrative expenses.

Special Features to Highlight

• Inclusive Partnerships: Employers can partner with multiple nurseries, offering employees flexibility in choosing childcare that best fits their needs.
• Transparent Fee Structure: Workplace Nursery Ltd charges an administration fee of 12% of the nursery fee, which is added to the salary sacrifice. This fee effectively reduces to 6.4% for additional rate taxpayers, 7% for higher rate taxpayers, and 8.2% for basic rate taxpayers due to tax savings.
• Educational Resources: The company provides online savings calculators and detailed FAQs to help employees understand potential savings and the scheme's mechanics.
• Compliance Guidance: Workplace Nursery Ltd ensures that both employers and nurseries understand and adhere to HMRC guidelines, maintaining the integrity and tax-exempt status of the benefit.

In summary, Workplace Nursery Ltd offers a structured approach to implementing the Workplace Nursery Benefit, delivering significant financial advantages for employees and operational benefits for employers. By facilitating partnerships between employers and nurseries and managing the associated administrative tasks, the company plays a crucial role in making childcare more affordable and accessible for working families.