YellowNest

Salary sacrifice childcare support.

Childcare Support

Salary sacrifice

Employee Paid

Ben's choice

YellowNest offers a workplace nursery scheme designed to make childcare more affordable for working parents while providing benefits to employers and nurseries. Their program facilitates a salary sacrifice arrangement, allowing employees to pay for childcare from their pre-tax income, resulting in significant savings.

A Brief Overview of YellowNest's Offerings

YellowNest collaborates with employers, parents, and nurseries to implement a workplace nursery benefit that is cost-neutral for employers and generates additional funding for childcare providers. The scheme operates through a salary exchange mechanism, enabling employees to allocate a portion of their gross salary towards childcare fees, thereby reducing their taxable income and National Insurance contributions.

The Main Benefits for Employees

1. Significant Financial Savings: By participating in the salary sacrifice scheme, employees can save up to 47% on childcare fees, depending on their tax bracket.
2. Accessibility: The program is designed to work alongside existing government support, ensuring that employees can maximise available childcare benefits.
3. Simplified Payments: Childcare fees are handled on behalf of the employees, streamlining the payment process and reducing administrative burdens.
4. Flexibility: YellowNest partners with a growing list of OFSTED-approved nurseries across the UK. If an employee's current nursery isn't already part of the scheme, YellowNest can onboard new nurseries within 1-2 weeks, providing flexibility in childcare choices.

The Main Benefits for Employers

1. Cost-Neutral Implementation: Employers can offer the YellowNest benefit without incurring additional costs, as the scheme is designed to be financially neutral for the company.
2. Enhanced Recruitment and Retention: Providing substantial childcare savings makes the organisation more attractive to current and prospective employees, aiding in talent acquisition and retention.
3. Improved Workplace Diversity: Supporting working parents contributes to a more diverse and inclusive workplace by enabling employees with childcare responsibilities to participate fully in their roles.
4. Administrative Ease: YellowNest manages all administration through an accessible, easy-to-use payment interface, minimising the employer's administrative workload.

Special Features to Highlight

• Additional Funding for Nurseries: The scheme generates extra funding for partner nurseries, which can be used to enhance childcare facilities and services, benefiting both the nursery and the children enrolled.
• Comprehensive Support: YellowNest provides full support to employers, parents, and nurseries throughout the implementation and operation of the scheme, ensuring a seamless experience for all parties involved.
• Rapid Nursery Onboarding: If an employee's chosen nursery is not part of the existing network, YellowNest can typically onboard the new nursery within 1-2 weeks, ensuring minimal disruption to childcare arrangements.
• Alignment with Government Support: The YellowNest benefit is designed to work alongside existing government childcare support programs, allowing employees to maximise their savings and benefits.

In summary, YellowNest's workplace nursery scheme offers a comprehensive solution that benefits employees, employers, and nurseries alike. By facilitating significant savings on childcare costs for employees, providing a cost-neutral benefit for employers, and generating additional funding for nurseries, YellowNest creates a win-win situation for all stakeholders involved.

Pricing

£8.00 (example)

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Learn more about YellowNest by speaking to a benefits consultant.