We believe in high-quality childcare as a force for good. Why?
- It has positive and long-lasting impacts on children’s outcomes later in life
- It gives parents more freedom in their career choices
- It enables employers to retain important skills which contribute to our economy
UK early years childcare is the most expensive in the world (OECD 2023). As a result, many parents struggle to afford or access it at all.
YellowNest’s mission is to:
“make childcare more affordable”.
We believe in a world where early years education is affordable and enables parents to give their children the best possible start in life.
Here you will find answers to questions you may have. If your question isn't answered here, please contact us email@example.com
Your precise saving will depend on how much you earn and the amount you pay in childcare fees. By taking those fees directly from your salary, you will pay less Income Tax and National Insurance. A person earning £32,000 and having monthly childcare costs of £1,300 (the national average), will have almost £4,000 more in take home pay over the course of a year – that’s £420 a month. YellowNest will tell you every month much how much you have benefitted. If you’re interested in our scheme and what to know exactly what you could save, please contact us.
One parent needs to be in paid employment, because our scheme works through salary sacrifice. Deductions for childcare fees have to be via your employer’s payroll.
Yes! Any children up to the age of 16 can be covered by this benefit.
The benefit is fully funded by the employer's National Insurance saving offset. In other words, cost-neutral! The real benefit for the employer is talent attraction/retention, employer branding, being able to support the financial well-being of employees, ED&I, and CSR!
Whether you’re an employer or employee, YellowNest will help you every step of the way. All you need to do is contact us and we’ll facilitate the entire process. This involves collecting some personal information, setting up childcare payments through the company payroll, and then arranging for the correct sums to be transferred to the childcare provider. We’ll support the administrative process and liaise with the provider.
You will need to ensure your company has your name, details of your child (name and age), the nursery you’ll be paying and the cost involved. You’ll also need to give your employer permission for this information to be shared with YellowNest, so that we can liaise with your childcare provider. We will support you and your employer through the setting-up process.
Our primary motivation is to make it easier and more affordable to access childcare – helping parents, employers and nurseries in the process. We keep our financial fees to a minimum.
Yes. The advantage of our childcare salary sacrifice scheme is that it can be adopted by any employer of any type or size – from just a couple of staff to workforces numbered in the thousands. Our scheme can be used by businesses, public sector bodies and third sector organisations, including charities. If you want to discuss how it would work in your organisation, please contact us.
As a result of participating in a YellowNest salary sacrifice scheme as a provider, your income will increase. In addition to the childcare fees, you’ll receive a monthly payment from us. Childcare payments will be more assured, because they’ll be taken at source from parents’ salaries. Your nursery will also have a higher profile in workplaces using the scheme, increasing the chance of attracting new customers who also want to take advantage of it.