The report looks at the cost of raising a child, maternity and paternity leave and work/life balance – that phrase again sorry! Of most interest to me was the cost of raising a child until they’re 21 which they’ve valued at £800 a month and since last year, the cost of nursery places in the UK has increased by 5.1%. It’s little wonder that people find themselves torn between returning to work and staying at home.

As you know, when you’re a parent every penny counts and there are plenty of ways to save on childcare and out of school activity costs; childcare vouchers are a good example. But if you’re unsure of your options, speak to childcare professionals or ask your employer what’s available to you. You might find that you’re able to make a significant saving on your monthly childcare costs.

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Whilst some benefits have changed, or been frozen – including a freeze on child tax benefits for the next three years – families can still take full advantage of those benefits that remain available to them.

Thousands of families who could benefit from childcare vouchers are not using them – and thousands more do not realise that they could be using them right up until their children are aged 16.

I would actively encourage parents to speak to their employers to determine how they could benefit from a scheme that does so much to help so many – but could help many more.

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