See exactly how much your company saves on National Insurance and how much each employee gains through a Workplace Nursery Scheme. Adjust the inputs below for your personalised estimate.
Employer Savings Calculator
Your full savings breakdown
How many staff will use the Salary Sacrifice Nursery Fee Scheme?
Calculating…
Combined Annual Saving
£46,057
Estimated annual combined saving
Employer savings
£7,254
Employee savings
£38,803
Detailed Breakdown
Calculation Parameters
- Employees: 10
- Average Annual Salary: £60,000.00
- London / South East: No
- Monthly Nursery Fees: £1,220.00
- Management Fee (paid by employee from their savings): £183.00 / month
- Total Monthly Cost (deducted from employee’s salary): £1,403.00 / month
To see how this looks for the employee and see their effective savings, click here
| Calculation Item | Per Employee | Total (10 employees) |
|---|---|---|
| Employee Savings | £38,802.80 | |
| Average Gross Salary | £60,000.00 | £600,000.00 |
| Annual Benefit Cost (pre-tax deduction) | £16,836.00 | £168,360.00 |
| Take-Home Pay (without scheme) | £30,717.40 | — |
| Take-Home Pay (with salary sacrifice) | £34,597.68 | — |
| Employee Savings | £3,880.28 | £38,802.80 |
| Employer Savings Breakdown | £7,254.00 | |
| Monthly Nursery Fees | £1,220.00 / month | — |
| Management Fee (15%) | £183.00 / month | — |
| Annual Nursery Contribution | £1,800.00 | £18,000.00 |
| Employer NI (on full salary) | £8,250.00 | £82,500.00 |
| Employer NI (on reduced salary after sacrifice) | £5,724.60 | £57,246.00 |
| Employer NI Savings | £2,525.40 | £25,254.00 |
| Less: Nursery Contribution | -£1,800.00 | -£18,000.00 |
| Less: Employer NI on Contribution | -£0.00 | -£0.00 |
| Employer Net Savings | £725.40 | £7,254.00 |
| Combined Savings | £46,056.80 | |
| Combined Savings per Person | £4,605.68 | — |
| Combined Total Savings | £4,605.68 | £46,056.80 |
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