Being a working parent isn't easy - and childcare costs can be a significant expense. That's why we've partnered with YellowNest to bring you a fantastic way to save money on your childcare through salary sacrifice. Let's explore how you can make your childcare more affordable! 👶

What is the Childcare Salary Sacrifice Scheme?

It's a smart way to pay for your childcare costs using your pre-tax salary, helping you save money on tax and National Insurance contributions while ensuring quality care for your little ones.

How Does It Work?

1. Application Process

- Simply open your Mintago app and head to the benefits section to childcare

- Complete the form in your Mintago app

- YellowNest will contact you directly to guide you through the process

2. Nursery Registration

If your current nursery isn't already part of the scheme, don't worry! YellowNest will reach out to them to arrange participation (Note: Busy Bees and Bright Horizons have their own schemes and aren't included).

3. Approval and payments

-Once your nursery is onboard, YellowNest will share a contract with you and your employer

- Your employer will review your request to ensure it meets National Minimum Wage requirements.

- Easy Monthly Payments

The cost is spread over 12 months and comes directly from your salary before tax - meaning you save on both tax and National Insurance contributions.

The Benefits for You

✨ Significant Tax and NI Savings

- Save on your income tax

- Save on National Insurance contributions

Why Choose This Scheme?

- Professional support from YellowNest throughout the process

- Flexibility to use your existing nursery (in most cases)

- Simple, straightforward application

- Guaranteed monthly childcare payments

- Peace of mind knowing your childcare is sorted

- Significant potential savings on a major household expense

How Much Could You Save?

Example monthly savings on £1000 of childcare costs:

- Basic rate taxpayer could save: ~£320

- Higher rate taxpayer could save: ~£420

*Actual savings depend on your tax rate

Important Things to Know

- The scheme runs through salary sacrifice

- You'll need to commit to the arrangement for at least 12 months

- Your nursery will need to participate in the scheme

- YellowNest handles all the administrative details

- Monthly payments are managed through payroll

Need More Information?

Just open your Mintago app and select the Childcare Scheme. YellowNest's expert team will be happy to help explain everything in detail!

Start your journey to more affordable childcare today! 🌟

Remember, investing in quality childcare doesn't have to break the bank. Let us help you make it more affordable through salary sacrifice!