Euroticket Creche: How does this childcare benefit work?
27 de June, 2023
Euroticket Creche is a social voucher that companies can give to their employees in order to support them in their childhood expenses.
Charges for nurseries, crèches, kindergartens and the like can represent a large chunk of a family’s budget. In this sense, the Euroticket Creche is a benefit that aims to ensure greater liquidity to support these expenses.
Come and find out with us how this benefit works!
How does the Euroticket Creche work?
Companies can grant this benefit to employees with children or dependents between the ages of 0 and 6, in order to help them with their expenses for nurseries, crèches, kindergartens and similar services.
The amount granted through this social voucher can be used not only to pay tuition fees, but also to ensure other services provided by these entities (transportation, uniforms, among others).
The amount to be awarded in the Euroticket Creche is defined by the company, in accordance with its extra-salary benefits policy. There is no legal limit to the amount awarded.
What are the tax benefits of the Euroticket Creche?
As it is a social benefit, the Euroticket Creche has a different tax framework to cash payments, making it possible for both the company and the employee to save tax:
- Benefits for the company: total exemption from TSU and a 40% increase in IRC;
- Benefits for the employee: total exemption from IRS and TSU.
This tax saving allows the company to maximize employees’ disposable income with regard to childcare and education expenses for their children up to the age of 6.
Where can it be used?
The Euroticket Creche can be used in more than 3,200 public and private establishments in Portugal. These establishments include crèches, kindergartens, nurseries, kindergartens, nurseries and the like.
Do you want to know how much your company could save with Euroticket Creche? Do you have any additional questions about this benefit? We’d be delighted to help you.
Starting from July 2023, the Euroticket Creche benefit was renamed Edenred Creche.