Co-operative Flexible Benefits welcomes government announcement for better childcare system
The government has promised to create a "better" childcare system for parents, by allowing them to claim back up to £1,200 a year in costs per child.
The Midcounties Co-operative provides Childcare Vouchers through their Co-operative Flexible Benefits Group. The group has provided Childcare vouchers since 2005, currently supports over 15,000 working parents and is one of the largest nursery providers in the country.
Pete Westall, Co-operative Flexible Benefits Group General Manager said: “We welcome any support that the government offers working parents. Although the precise changes to childcare benefit are not yet clear we look forward to the opportunity to be involved in the consultation once the details are finalised.
From the initial news this morning parents who use childcare vouchers or sign up before October 2015 will continue to be allowed to use them. The current scheme allows up to £1,800 saving per year if there are two working parents and the vouchers can also be used for children up to 15 years of age.
I would advise any parent to look at the existing Childcare Voucher scheme and to seriously consider whether to take advantage of the savings currently available.”
For further information please contact www.flexiblebenefits.coop or call 0800 458 7929
Notes to Editors
The Midcounties Co-operative has been named ‘Co-operative of the Year 2012’, recognised for its excellence, innovation and ethics in business by Co-operatives UK.
It has headquarters in Warwickshire, with trading outlets in Oxfordshire, Gloucestershire, Wiltshire, Shropshire, West Midlands, Worcestershire and the surrounding counties.
The Society’s trading groups are food retail, funeral, travel, pharmacy, childcare nurseries, employee benefits and energy. Midcounties is the largest independent co-operative society in the UK and has more than 470 branches and 245,000 active trading members. It is also in ‘The Sunday Times Best 25 Big Companies to Work For’ list for the second year running.
The Society’s mission statement is ’To be a successful consumer co-operative working towards creating a better, fairer world, and to enhance the lives of our colleagues, members, customers, and the communities we serve’.
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