All Company cars articles – Page 8
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Case StudiesThe benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...
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Case StudiesThe benefits offered by Weetabix Food Company
The benefits offered by Weetabix Food Company:Pension and group riskDefined contribution group personal pension plan, available for all employees alongside pre-existing defined benefit scheme, which closed in 2013.Healthcare and wellbeingPrivate medical insurance, employer-funded for all employees. Available for employees' family members as a flexible benefit.Dental insurance, employer-funded for all employees ...
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Article29% cannot explain how company cars impact upon their taxes
Under a third (29%) of respondents cannot explain how having a company car impacts on their taxes, and simply accept the amount that comes out of their pay packet, according to research by vehicle supply organisation OSV.Its survey of 759 individuals also found that 51% admit that they still do ...
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Article28% value additional holiday and flexible working over a pay rise
More than a quarter (28%) of respondents value additional holiday days, sabbaticals and flexible working hours as employee benefits, over receiving a pay rise, according to research by SmallBusinessPrices.co.uk.Its survey of 2,000 UK employees also found that 29% of respondents aged between 18 and 24 would consider applying for a ...
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ArticleSkyscanner and North West Ambulance Service shortlisted for staff travel benefits
Skyscanner (pictured) and North West Ambulance Service are among those organisations shortlisted in the Best staff travel benefits category for the Employee Benefits Awards 2018.This award recognises those organisations with the most effective travel benefits and car schemes for employees.Leidos EuropeNorth West Ambulance Service (Entered by Tuskerdirect)Renewable Energy Systems (Entered ...
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Article36% do not feel they are paid appropriately
More than a third (36%) of respondents believe they are not paid appropriately, according to research by the Chartered Institute of Personnel and Development (CIPD).Its UK working lives: the CIPD job quality index survey report 2018, which surveyed 350,000 employees, also found that 70% of respondents receive an employer pension ...
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ArticlePoll: 61% believe driverless cars will feature in company car strategies
Employee Benefits poll: Under two-thirds (61%) of respondents believe that driverless cars will feature within organisations’ company car strategies.A straw poll of www.employeebenefits.co.uk readers, which received 46 responses, also found that 28% of respondents think that driverless cars do not have a place within employers’ company car strategies, compared to ...
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ArticleExclusive: Discover the future of salary sacrifice cars at Employee Benefits Connect
EXCLUSIVE: Delegates at Employee Benefits Connect 2018 will be able to gain insight on the future of salary sacrifice car schemes and discover the role these schemes can play as part of an organisation’s benefits package.Claire Evans (pictured), head of consultancy at Zenith, will present a session titled ‘What will ...
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ArticleHow will the Autumn Budget 2017 impact pay and benefits?
Chancellor Philip Hammond (pictured) delivered the Autumn Budget speech to the House of Commons on Wednesday 22 October 2017. Below is a summary of the key announcements that could impact employers’ pay and benefits strategies:The tax-free personal allowance will increase to £11,850 in April 2018, an increase of £350 from ...
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ArticleStaff will not incur benefit-in-kind tax for charging electric vehicles at work
Autumn Budget 2017: Employees that charge their electric vehicles at work will not incur a benefit-in-kind charge on the electricity used.Chancellor Philip Hammond announced the move, which will come into effect from April 2018, during his Autumn Budget 2017 speech today (22 November).The announcement is part of the government’s focus ...
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ArticleDiesel supplement in company car tax to increase by 1%
Autumn Budget 2017: The government has announced that the existing company car tax diesel supplement will increase from 3% to 4% in April 2018.This will only apply to diesel cars that do not meet the latest emissions limits.In the Autumn Budget 2017, Chancellor Philip Hammond also announced that, from April ...
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ArticleSecond Finance Bill to legislate for pensions advice exemption and company car tax bands
A second Finance Bill 2017 has been introduced into Parliament, which includes the introduction of an income tax exemption for the first £500 of employer-arranged pensions advice, company car tax bands, and the retrospective application of the money purchase annual allowance (MPAA).A number of measures were dropped from the Finance ...
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Article27% of company car drivers unaware of tax changes
More than a quarter (27%) of employee respondents who drive a company car are not aware of the tax changes affecting company cars introduced by the government in April 2017, according to research by OSV.Its survey of 527 company car drivers also found that 46% of those respondents who are ...
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ArticleChinese firm plans to sell cars through a vending machine
Something for the weekend: Employers looking to procure company cars for their workforce have a range of options available to them. And organisations in China may soon have a n additional one to add to that list. Chinese online shopping organisation Tmall has come up with an innovative car shopping ...
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Case StudiesNottingham City Council amends staff travel schemes in response to salary sacrifice changes
Nottingham City Council closed its company car scheme and amended its staff travel benefits to be offered through net pay in order to counteract the loss of tax advantages.The council, which has 7,000 employees, closed its company car scheme in December 2016 to new members, following the government’s confirmation that ...
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OpinionJohn Pryor: Employers need to look at the total cost of mobility as staff travel options unify
Employee travel choices for business journeys have never been more numerous than they are today.Consequently, the opportunities for employers to implement a diverse, multi-faceted, sustainable mobility plan and simultaneously display corporate social responsibility have never been greater.Travel options range from the established, such as cars, whether organisation-provided, a hire car ...
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AnalysisWhat are the latest trends in staff travel?
Need to know:The changes to salary sacrifice arrangements that impact car schemes offered on this basis may have changed some employees’ attitudes to cars, but promoting green cars is an option for employers.Employers can support the implementation of electric and hybrid cars by investing in charging points.Changing working practices, such ...
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ArticleGovernment to end the sale of petrol and diesel cars by 2040
The government has confirmed that it will end the sale of all new conventional petrol and diesel cars and vans by 2040 in order to tackle air pollution levels.The UK plan for tackling roadside nitrogen dioxide concentrations, produced by the Department for Environment, Food, and Rural Affairs (Defra) and the ...
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ArticleGovernment to invest in battery technology and autonomous vehicle development
The government will invest £246 million into the research and development of battery technology and £25 million into connected and autonomous vehicle development.The four-year £246 million investment, known as the Faraday Challenge, will form a key part of the government’s industrial strategy, which aims to tackle long-term challenges in the ...
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ArticlePoll: 23% cite staff demand as reason to offer driverless vehicles as company cars
Employee Benefits poll: Less than a quarter (23%) of employer respondents cite employee demand as a factor that would influence their decision to include driverless vehicles in company car schemes.A poll of www.employeebenefits.co.uk readers, which received 31 responses, also found that 26% of respondents view duty of care and safety ...