All Company cars articles – Page 14
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ArticleArup boosts benefits take up among generation Y staff
EXCLUSIVE: Arup has seen increased take up of the benefits it offers to cater for generation Y employees.The organisation takes on around 200 to 300 graduates a year, which has changed what employees want from the firm.As a result, the professional services firm has seen take up of new benefits, ...
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AnalysisHow to manage employee-benefits-related risk
If you read nothing else, read this…Employee benefits, such as preventative healthcare programmes, can help to mitigate organisational risks such as sickness absence and workplace stress. But benefits can bring their own risks to an organisation around cost, health and safety and regulation.Employers must be aware of all the risks ...
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ArticleA guide to tax-efficient benefits
If you read nothing else, read this. .. There are a number of individual tax rules for all tax-efficient benefits. Changes to pensions and childcare vouchers affect their tax position and how employees take the benefits. New tax rules apply to employee share schemes.There is a growing list of tax- ...
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ArticleCompany car tax rates to rise more slowly
Budget 2015: Company car tax rates for ultra-low emission cars will increase more slowly from 2019/20 than previously announced. Chancellor George Osborne also announced in his 2015 Budget that rates for other cars will increase by three percentage points.The appropriate percentage of list price subject to tax will increase by ...
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ArticleSantander drives take up of salary sacrifice car scheme
Santander plans to use its benefits communications to increase take up of its salary sacrifice car scheme.Speaking in a session titled ’The evolving world of salary sacrifice cars - now and in the future’, at Employee Benefits Connect on 4 March, Elliot Rees-Davies, reward director at Santander, said that, since ...
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Case StudiesThe University of Birmingham revamps car scheme to engage staff
Through the scheme, which is provided by SGFleet, staff can take up a fully maintained and insured car, and make savings through tax and national insurance (NI) efficiencies.The scheme enables the university to compare CO2 emissions of employees’ new cars to the cars they are replacing. CO2 emissions for cars ...
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Video
How to introduce a successful car salary sacrifice scheme
brightcove.createExperiences();This three minute video tutorial above covers:What are the key issues to look for when designing a car salary sacrifice scheme?What are the attributes of a well-designed scheme?What trends are emerging in car salary sacrifice schemes?What makes a successful scheme?How will ...
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ArticleCarlsberg UK revamps employee benefits package
EXCLUSIVE: Carlsberg UK has undertaken a full strategic review of its employee benefits, resulting in it relaunching its flexible and voluntary benefits schemes, and consolidating its company car provision.The brewery organisation, which employs more than 40,000 people globally, launched the review in order to simplify its benefits administration and to ...
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AnalysisTop tips for managing grey fleet
If you read nothing else, read this…Employers thinking about grey fleet need to consider the implications of breaching the Corporate Manslaughter and Corporate Homicide Act 2007.All organisations running company car schemes require a clear grey fleet policy.Employers can help to reduce their grey fleet risk by removing financial incentives, such ...
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ArticleCoventry City Council introduces salary sacrifice cars
Coventry City Council has launched a salary sacrifice car scheme for more than 7,700 eligible employees. More than 30 orders were made within the first 10 days of launch.Roadshows around the council’s premises and a website were used to help communicate and promote the scheme, which aims to help reduce ...
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ArticleRamsay Health Care launches salary sacrifice car scheme
Ramsay Health Care UK has launched a salary sacrifice car scheme for 3,000 eligible employees. The provider of independent hospital services in England will offer the scheme to staff working in 36 of its private facilities.It added the scheme to its existing benefits package to assist with attracting new employees, ...
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ArticleFuel duty to remain frozen
Autumn Statement 2014: The government has confirmed that fuel duty will continue to remain frozen. Chancellor George Osbourne cancelled the fuel duty increase planned for September in his 2014 Budget.Overall, action on fuel duty since 2011 will save a company car driver around £675 by the end of 2015/16.
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AnalysisDo employee car ownership schemes still have a place?
If you read nothing else, read this…Ecos take the form of an agreement made between the employee and the leasing company.Demand for Ecos has reduced because of the popularity of salary sacrifice schemes.Eco schemes often still appear when organisations offer blended funding arrangements.Ecos could rise in popularity when new international ...
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AnalysisTop five tips for implementing car salary sacrifice
For employers that are thinking of implementing a car salary sacrifice scheme in their organisation, here are five top tips for getting it right.1 Be clear on your objectives This may sound simple, but many organisations move straight into the provider selection process without first being clear about their own ...
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AnalysisBuyer’s guide to salary sacrifice car schemes
The facts:What is a salary sacrifice car scheme? This is a car scheme in which an employee forgoes a portion of their gross salary in exchange for the use of a car for a period of time, and receives tax and national insurance breaks as a result.Where can employers get ...
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ArticleWest Middlesex Hospital saves £38,000 with pool car scheme
EXCLUSIVE: West Middlesex University Hospital has saved more than £38,000 by launching a pool car scheme.The employer introduced a Nissan Leaf electric car, provided by Alphabet, for 40 of its therapists to use to help cut the cost of taxi fares and to lower the hospital’s carbon footprint.Therapists’ taxi fares ...
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ArticleTwo-thirds of employers recognise importance of company cars
Two-thirds of employer respondents say the company car is an important employee benefit, according to research by Lex Autolease..Its Report on company motoring, which is compiled from independent surveys of more than 1,400 businesses, company car drivers and employees who use their own car for work purposes, also found that ...
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AnalysisWhat should a company car risk management strategy cover?
If you read nothing else, read this…Employers have a duty of care towards staff drivers. It is difficult for organisations to know when employees are driving for business. Checks, such as ensuring staff have a valid driving licence, are simple to make. Under the Corporate Manslaughter and Corporate Homicide Act ...
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AnalysisTop tips to control company car scheme costs
If you read nothing else, read this…Car choice should be aligned to an employee’s grade.Employers should consider the most cost-effective funding model for their workforce.Fully expensed fuel cards should be discontinued.1. Align car choice with employee gradeEmployers should ensure the choice of company cars they offer their workforce is aligned ...
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AnalysisWhat are the current trends in fleet funding?
If you read nothing else, read this…There are six types of funding options available to employers to fund company cars.Contract hire is the most popular of these and is often used for salary sacrifice arrangements.Employers are opting for a combination of funding methods to offer more choice to employees.Organisations are ...