The Scholars Academy is pleased to declare that we are registered on the official Voluntary Childcare Provider.

 

Registration on the Voluntary Childcare Register assures you that:

  • We have met basic standards designed to safeguard children;

  • Our premises, equipment and care provision is safe and suitable;

  • Local authorities offer us support and can pass on our details to those seeking childcare;

  • All staff with unsupervised access to children have undergone a Disclosure and Barring Service (DBS)  previously called as  Criminal Records Bureau (CRB) check;

  • At least one staff member has had First Aid training;

  • At least one staff member has had appropriate training regarding the Common Core Skills;

  • We can accept Childcare Vouchers;

  • Parents may be eligible for help with fees under the Working Tax Credit arrangements.

 

Save Money on The Scholars Academy Tuition Fees through Childcare Vouchers and Working Tax Credit

Here at The Scholars Academy, we appreciate that parents want their children to be able to benefit from the tuition services that we offer. However, we also appreciate that finding the money to fund this can be difficult, particularly in the current economic climate.

Therefore, we are pleased to announce that parents with children at The Scholars Academy can take advantage of savings on fees through Childcare Vouchers and Working Tax Credit.

Parents can also now effectively increase the number of hours of tuition that their child undertakes for the same amount of money allowing them to give their child that extra boost that keeps them at the top of the class.

Find out how below.

Help with Fees via Childcare Vouchers

Childcare Vouchers are a form of ‘employer supported childcare,’ a popular scheme which an increasing number of employers are adopting. This scheme works via salary sacrifice where an employer pays the employee partially in the form of Childcare Vouchers up to a value of £243 per month. These Vouchers are both tax and National Insurance free, thus greater in value than the cash equivalent, and can be used to pay for approved services. As The Scholars Academy is registered childcare provider, these Vouchers can be used here.

It may be possible for you to save up to £933 per year as a basic rate taxpayer and up to £623 (£1,225 if you joined the scheme on 5th April 2011 or before) per year as a higher rate taxpayer* by using these Vouchers. Moreover, both parents can receive Childcare Vouchers from their respective employer to use towards the tuition fees and therefore double the saving. The only requirement for you to take advantage of this scheme is that your child is aged 15 or under and that your employer is signed up to be part of it.

* correct as of 6th April 2011

There are a wide range of these schemes currently running operated by a variety of different providers. www.childcarevouchers.co.uk

 

Help With Fees via Working Tax Credit

As The Scholars Academy, parents who enrol their children onto programmes at The Scholars Academy may be able to obtain assistance with the costs under the Childcare Element of Working Tax Credit.

This means that subject to assessment by HM Revenue & Customs, parents may be able to get up to 70% of their fees reimbursed! This means our services can become accessible to those who might not previously been able to afford it and guarantees parents can give their children the best education possible without worrying about the financial implications.

For you to be eligible for receive the Childcare Element of Working Tax Credit should you enrol your child at The Scholars Academy, you need to be working 16 hours or more a week. If you are part of a couple, you both need to be working 16 hours or more a week. You can only claim childcare costs for any child up to the Saturday following 1st September after their 15th birthday.

The maximum amount of help you may receive is as follows*:

Number of children        Weekly limit on costs            Percentage of costs you can get help with          Maximum tax credits for childcare

One child                                                  £175                                                                     70%                                                         £175 x 70% = £122.50

Two or more children                            £300                                                                     70%                                                         £300 x 70% = £210

*Correct as of 6th April 2011. For the latest figures, please refer to the HMRC website.

Please note that your dealings with The Scholars Academy remain the same. Fees must still be paid in advance to The Scholars Academy even if you are claiming or about to claim for Working Tax Credit. Reimbursement of fees must be sought from HMRC, not The Scholars Academy.

For further information, guidance and to ensure that you have the very latest information, please see http://www.hmrc.gov.uk.

You may find leaflet WTC5 (Working Tax Credit – Help with the costs of childcare, 6th April 2011: A guide explaining help with the costs of childcare for parents) particularly helpful. Click the following link to view  http://www.hmrc.gov.uk/leaflets/wtc5.pdf.

We Do Offer Other Discount Plans As Well, Kindly Call us for more Information.