If you are an HSBC, HFC and First Direct employee your childcarer will be paid on the 1st of each month.
All UK-based employees across the Group* are eligible to join the HSBC Childcare Scheme that allows greater access to reduced childcare costs and offers choice and flexibility to working parents. It also enables employees to take advantage of the Government tax and NI incentives.
Parents are offered the option of electronic childcare vouchers to support all our UK-based employees. Vouchers can be used to pay for childcare for children up to age 16, through a variety of registered childcare options including nurseries, childminders, nannies, out of school schemes and holiday play schemes.
The scheme operates under a system of salary sacrifice where childcare fees are paid for directly from your gross salary and can be tax and NI-free (subject to certain eligibility rules and limits). Payment for childcare under this scheme is usually in advance and employees are advised to sign-up to the scheme at least two months before the childcarer is to be paid (see Important Notice for further details).
* except first direct employees who have access to their own scheme.
