Financial support | Focus on Cost of Living: Cost-Savings through strategic support for parents and carers

Concerns about the cost of living, and measures to address this are global, with Governments including those in the UK, Europe, and the US putting packages in place to provide a buffer against these costs while attempting to avoid fueling inflation.

Here, our Head of Thought Leadership, Jennifer Liston-Smith has worked with Victoria Cottee, Head of Client Relations and Nicola Broomhead, Head of Client Services to take a timely look at the role that Bright Horizons’ partner employers are playing in enabling working families to make their income go further, while also achieving a commercial and cultural fit for the employer.

Workplace Nursery onsite or Nursery Partnership: (underwriting places in local nursery)

Positive Cost-saving Difference for Employees

Tax savings through the Workplace Nursery Exemption: full tax and National Insurance Contribution (NIC) exemption for both employer and employee for on-site and near-site provision.

Employees save on average 32% of childcare cost, depending on salary and tax bands. This puts around £5,500 back into employees’ family finances (Typical client example 2022).