Contractors and small businesses are entitled to childcare vouchers from their client until 5th October 2018. Alternatively, the new Tax-Free Childcare scheme by the government also provides savings on childcare.

If you currently incur childcare costs, you should be aware that employer supported childcare schemes will close to new applicants from 5 October 2018. These include the child care voucher scheme and directly contracted child care. Such schemes can save contractors and small businesses a significant amount of tax each year.

However, you can continue getting childcare vouchers if you have joined a scheme and get your first voucher before the scheme closes, as long as you stay with the same employer (continue to be employed by your company).

If childcare is something you currently pay for, it is imperative that you consider your options now to determine whether the existing scheme or the new Government scheme called Tax-Free Childcare (TFC) produce the better savings for you.

View full details of eligibility, benefits, and how to claim here.