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What needs to change

A shocking 50,000 women leave the workforce every year because of the high costs of childcare relative to their earnings (CIPD, 2020). Research reveals that women are less likely to return to or be promoted to senior roles than men whilst returning to work following their maternity leave.

Middle-to-lower income families are hit the hardest with childcare costs which drives 17% of working women to quit their jobs within 5 years of having a child.

Although there is some support available, the Government’s Tax-Free Childcare scheme is capped at a dismal £2,000 a year. This scheme also requires the childcare provider to be signed up, which is extra administration and work for nurseries who are already strapped for time and resources.

A shocking 50,000 women leave the workforce every year because of the high costs of childcare relative to their earnings (CIPD, 2020). Research reveals that women are less likely to return to or be promoted to senior roles than men whilst returning to work following their maternity leave.

Middle-to-lower income families are hit the hardest with childcare costs which drives 17% of working women to quit their jobs within 5 years of having a child.

Although there is some support available, the Government’s Tax-Free Childcare scheme is capped at a dismal £2,000 a year. This scheme also requires the childcare provider to be signed up, which is extra administration and work for nurseries who are already strapped for time and resources.

Childcare just got a whole lot easier

With yellownest, you can benefit from:

An uplift of anywhere between >50% for parents in their monthly take-home pay.

An instant 2x-5x in recurring monthly savings for employers via monthly payroll.

A National Insurance savings of 13.8% for the employer. This makes it a fully self-funding scheme, which you’ll see immediate returns on.

Our easy to use tech interface, on which we provide an on-going cumulative total of tax savings that have been unlocked for both the employer and the employee. This will be provided periodically.

An uplift of anywhere between >50% for parents in their monthly take-home pay.

An instant 2x-5x in recurring monthly savings for employers via monthly payroll.

A National Insurance savings of 13.8% for the employer. This makes it a fully self-funding scheme, which you’ll see immediate returns on.

Our easy to use tech interface, on which we provide an on-going cumulative total of tax savings that have been unlocked for both the employer and the employee. This will be provided periodically.

What are parents saying?

85%

YellowNest surveyed parents over the pandemic and discovered that more than 85% of parents say that the cost of childcare places a financial burden on their family.

Source: Indecent research, Jan 2021

85%

YellowNest surveyed parents over the pandemic and discovered that more than 85% of parents say that the cost of childcare places a financial burden on their family.

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