Catapillr - Supporting Working Parents
Issues with childcare are not just about affordability but also with the logistics of managing multiple payments to multiple providers. The idea behind the Cash Advance Scheme is to enable employers to support their employees with the management and payment of childcare.
Why use C-CAS?
The C-CAS scheme is a new voluntary employee benefit, that supports working parents with childcare costs. The closure of the childcare voucher scheme has severely limited the options available for employers to support working parents. The scheme fills this gap, helping to improve retention rates and hence reduce recruitment time and cost.
What exactly is C-CAS?
The scheme is essentially an online account, mobile app and marketplace. Support is provided in the form of an interest-free 12-month loan, which is paid into an online account, to be used specifically for childcare costs.
How long does the loan last?
The interest-free loan is to be repaid over a maximum of 12 months, but the money does not need to be used within the year, which means your employees can build up a balance to pay for all those unexpected childcare costs.
What can the scheme be used for?
A key attribute of the scheme is flexibility. The scheme can be used with Ofsted (or equivalent) registered childcare providers or companies/organisations who provide childcare activities, such as after-school & holiday clubs, sports & activity clubs, as well as tutors. In addition, funds can be transferred into the Government's Tax-Free childcare account, if applicable.
How easy is it to set up?
The scheme can be set up very quickly and easily, by signing a business agreement with Catapillr. The scheme requires zero software integration and very little on-going administration.
How can I find out further information about C-CAS?
C-CAS is launching in October 2019, please register and we will let you know as soon as the scheme is available.