News – Page 7
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ArticleCo-operative Food to increase new starter pay by 1.8%
The Co-operative Group is increasing pay for new starters in its food stores by 1.8%.The increase follows a two-year pay deal agreed in 2015 that will see 40,000 employees working in frontline positions in its food business receive a pay rise of 8.5% by October 2016.The increases take pay levels ...
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ArticleTravis Perkins launches car salary sacrifice scheme
Travis Perkins has introduced a car salary sacrifice scheme in order to enhance its employee benefits package.Since the scheme's launch in March 2016, over 180 orders have been received.The scheme, provided by Car Salary Exchange, gives employees access to a choice of 4,000 new cars. The cars ordered thus far ...
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ArticleBuyer's guide to car salary sacrifice schemes 2016
What are salary sacrifice company car schemes?Salary sacrifice car schemes have become a popular benefit, allowing employees to sacrifice a portion of their monthly salary in return for a new car.Employees benefit from having a safe, maintenance-free car, while employers go some way to demonstrating compliance with their duty-of-care requirements ...
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ArticleHow the Budget 2016 will impact employee benefits
On 16 March, Chancellor George Osborne delivered his Budget 2016 speech. Below is a round-up of the key announcements with a bearing on employee benefits:The government plans to limit the range of benefits that can be offered under a salary sacrifice arrangement. This will not apply to pensions, childcare and ...
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ArticleGovernment confirms plans to limit salary sacrifice
Budget 2016: The government has confirmed it is considering limiting the range of benefits that attract relief on tax and national insurance contributions (NICs) when offered via salary sacrifice arrangements.However, details of its intentions, set out in Budget 2016 documentation, stated that pension contributions, childcare and health-related benefits, such as ...
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ArticleAberdeenshire and Aberdeen City Councils achieve 10% log-in for car salary sacrifice
Aberdeenshire and Aberdeen City Councils have achieved a 10% log-in rate to their dedicated driver site after revamping their car salary sacrifice scheme.The car salary sacrifice arrangement was revamped in June 2015 as part of wider changes to the local authorities’ employee benefits programme, which is provided by P&MM.Thus far, ...
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ArticleLearn whether car salary sacrifice risks have become a reality at Employee Benefits Connect
Those attending Employee Benefits Connect can gain insight into the potential risks around car salary sacrifice arrangements, and how to select risk mitigation approaches that best suit their organisation.In the session ‘Salary sacrifice for cars: evolving solutions and the truth about risks’, Claire Evans, head of fleet consultancy at Zenith, ...
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ArticleMeeting the challenge of the national living wage
Since Chancellor George Osborne announced the creation of a new national living wage in his 2015 Summer Budget, planning how to deal with the associated cost increases has challenged many organisations.When the national living wage comes into effect next month, the minimum hourly wage for employees aged over 25 will ...
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ArticleKP Snacks to re-launch bikes-for-work scheme
KP Snacks is to re-launch its bikes-for-work scheme in April 2016.The food manufacturer is re-launching the benefit with the aim of boosting take up among its 1,800 employees.The scheme, provided by Cycle Solutions, was first introduced in July 2015.Some 6% of KP Snack's employees have taken up the benefit since ...
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p50: Car salary sacrifice schemes – the truth about the risk
It is no surprise that salary sacrifice car schemes are on the rise. As a benefit that has the opportunity to be cost-neutral for the employer and cost effective for the employee, the popularity of these schemes is ever growing.One of the common detractors, however, is the perceived risk involved ...
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ArticleBuyer's guide to bikes-for-work schemes 2016
The facts: What are bikes-for-work schemes?Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. The scheme enables employers to fund bikes and safety equipment, and loan these to employees.Where can employers find more information?Additional information can be found on ...
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ArticleLearn about car salary sacrifice schemes fit for the future at Employee Benefits Connect
Delegates that attend Employee Benefits Connect 2016 can gain insight into how to offer a car salary sacrifice scheme that is effective for employers and employees now and in the future.During a roundtable session entitled ‘How to provide a successful salary savings car scheme’, Alison Argall, business development director at ...
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ArticleEXCLUSIVE: Atos launches car salary sacrifice scheme
EXCLUSIVE: Digital services provider Atos has introduced a car salary sacrifice scheme for its 10,000 employees.The scheme, which launched on 1 February and is provided by SG Fleet, was initially communicated to employees with a teaser campaign in the run-up to the launch using a range of posters, flyers and ...
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Article9% have reviewed salary sacrifice against national living wage compliance
Less than one in 10 (9%) of employer respondents have reviewed their use of salary sacrifice against the new national living wage requirements, according to research by Jelf Employee Benefits.Its survey of 180 employers also found that 39% of respondents are unaware that salary sacrifice arrangements could result in employers ...
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ArticleWolseley UK introduces car salary sacrifice scheme
Heating, plumbing and building materials organisation Wolseley UK has introduced a car salary sacrifice scheme for all of its 6,500 employees.The scheme, provided by Zenith, was launched in November 2015 and the first car was delivered in early December.To date, 29 orders have been placed by Wolseley UK employees, three ...
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ArticleEXCLUSIVE: Carlsberg UK to launch car salary sacrifice scheme
EXCLUSIVE: Carlsberg UK is to launch a car salary sacrifice scheme for its 1,600 employees in spring 2016.The organisation is introducing the new scheme, provided by Car Salary Exchange, to broaden its employee benefits offering.The salary sacrifice arrangement will sit alongside Carlsberg UK’s existing company car offering. It will be ...
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6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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Article60% believe bikes-for-work schemes boost productivity
Almost two-thirds (60%) of employee respondents believe that cycling to work improves their productivity, according to research by the Cycle to Work Alliance.The study, based on responses from 13,148 employees and 352 employers who participate in a bikes-for-work scheme provided by one of the four Cycle to Work Alliance members, ...
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ArticleBuyer's guide to car salary sacrifice schemes 2015
Despite worries over the future of salary sacrifice arrangements after the Government announced it intended to monitor such arrangements in its July 2015 Budget, car salary sacrifice schemes remain a popular choice with businesses and their employees.A report from consultancy firm OC&C in 2014 predicted car salary sacrifice could account ...
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ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...