If you work for a company that helps with the cost of lunches, daycare tuition, schooling and nursing home costs, you should consider using these allowances in the form of electronic cards or specific discount vouchers to achieve greater tax savings. Both you and your employer will find them fiscally advantageous.
The same fundamental principle works across the board with most forms of these discount cards and vouchers. Rather than you paying for expenses from after-tax earnings, your employer supports these expenses via discount cards and vouchers as part and parcel of your remuneration package. These payments are considered deductible running costs in the company’s books, not wages.