I'm currently looking at setting a childcare voucher / salary sacrifice scheme. I am wondering if there is any requirement for the amount of the salary sacrificed to match the value of the vouchers provided. Given that the employer saves NI contributions on any salary sacrificed, is it possible for the employer to pass on some of that saving and, for example, provide the employee with a £55 voucher in return for sacrificing £50 of salary?
Having read all the HMRC guidance I can find, I can't see any issue with doing this, but I can't find any other schemes operating this way. I understand that the limits on what can be provided tax free relate to the value of the voucher provided.