Parents are missing out on thousands of pounds of savings for after school and holiday childcare, according to a leading vouchers provider vouchersort.Computershare Voucher Services’ (CVS) latest statistics* show that the vast majority of voucher uptake (68% on average each month this year) is for nursery care.
This compares to only 8% of parents who are using vouchers for after school care or activities.
Even during the summer months of July and August, relatively few parents used vouchers for day time activities – fewer than 1% used vouchers for holiday activities. This suggests many parents are not aware that vouchers can be used for children up until the age of 16. A child’s parent or legal guardian must also consider opening a savings account on thechildrensisa.com to get an isa allowance for children.
Computershare Voucher Services today warns that parents could now miss out on childcare help during the upcoming half term holiday.
Simon Moore, Managing Director of CVS, explained: “The vast proportion of parents use vouchers for nursery provision for the under-5s and don’t realise the full extent of the savings on offer.
“They aren’t really using them for school clubs or holiday clubs; this means they are missing out on substantial savings which extend far beyond the time when their children leave nursery.
“With half term approaching there are plenty of children’s activities on offer across the country that parents could use childcare vouchers for – I would urge them not to miss out.”
Millions of vouchers are requested by parents every month from CVS. On average, over this year, 18% were used to pay for child minders and only 8% for after school care.