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17 Feb 2015: Under the Workplace Nurseries’ Salary Exchange Scheme, an employee of the University of Cambridge signs an amendment to their Contract of Employment to receive a lower salary – a ‘salary exchange’– in return for payment of childcare

16 Feb 2015: You can use childcare vouchers to pay for any approved or registered childcare (e.g. nurseries, after-school clubs, nannies, and registered childminders) for any child. This includes the University of Cambridge Holiday Playscheme.

16 Feb 2015: When you exchange pay in return for a benefit that is exempt from National Insurance (NI) contributions you do not pay NI on the exchanged portion, only the actual earnings.

16 Feb 2015: Yes. The University also offers a Workplace Nurseries' Salary Exchange Scheme for staff with a child/children in one of the three University Workplace Nurseries.

16 Feb 2015: The Scheme only operates for existing members. Childcare vouchers are provided to University staff who are current members of the Scheme by 'KiddiVouchers', who administer all aspects of the vouchers scheme and they are your first point of contact.

17 Feb 2015: When you exchange pay in return for a benefit that is exempt from National Insurance (NI) contributions you do not pay NI on the exchanged portion, only the actual earnings.

16 Feb 2015: No, the Scheme is a non-refundable one. However, vouchers continue to be valid until 1 September after your child turns 15 years (16 years if your child is registered disabled).

16 Feb 2015: Basic Rate taxpayers are entitled to exchange a maximum of £243 from their monthly salary (£55 per week) in exchange for childcare vouchers, regardless of the number of children they have.

16 Feb 2015: The effect of a salary exchange for nursery fees on pension provision is dependent on the rules of your scheme. CPS Pension contributions are based on the notional salary and therefore would include any salary exchanged.

17 Feb 2015: Your salary must be greater than the cost of your nursery fees/proposed salary exchange. Furthermore, the exchanged amount must not reduce your salary to below the National Minimum Wage. Be aware that all Salary Exchange Schemes you are part of will