Case Study: Abbey banks on childcare vouchers

Feedback from staff at Abbey suggests they greatly value the childcare vouchers that are an integral part of the bank’s benefits package.

Ian Cunningham, reward consultant at Abbey, says: “Employees are in favour of this benefit as it not only saves them income tax and NI contributions, but it also provides them with a convenient system when managing payments to childcare providers.”

The bank is also aware that voucher schemes are of most benefit to employees who have structured childcare arrangements in place.

Therefore, for those who do not take up the perk, Abbey offers access to an emergency childcare helpline through benefit provider My Family Care. This enables staff to gain immediate access to accredited carers, as well as a range of specialist support services.

Read more articles on benefits for working parents