News – Page 4
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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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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 ...
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ArticleWESC Foundation launches salary sacrifice car scheme
Visual impairment services organisation the WESC Foundation has introduced a salary sacrifice car scheme for its 240 Devon-based employees.The organisation launched the Lifestyle Lease scheme, provided by Maxxia, in June 2017 in order to extend the range of benefits available to staff.The scheme enables the lease agreement to be made ...
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Article25% cite a company car as the deciding factor when taking a job
A quarter (25%) of employee respondents cite access to a company car as the deciding factor when taking a job, according to research by vehicle supply organisation OSV.Its survey of 676 employees and 180 employers also found that 54% of employee respondents view a company car as the best benefit ...
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ArticleEXCLUSIVE: 54% offer a car allowance
EXCLUSIVE: More than half (54%) of employer respondents offer a car allowance, compared to 45% in 2016, according to research by Employee Benefits and Staffcare.The Employee Benefits/Staffcare Benefits research 2017, which surveyed 271 employer respondents in February-March 2017, also found that almost all (97%) of those respondents that offer a ...
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ArticleLondon Ambulance Service and Nottingham City Council shortlisted for staff travel benefits
London Ambulance Service NHS Trust and Nottingham City Council (pictured) have been shortlisted in the best staff travel benefits category at the Employee Benefits Awards 2017.This award recognises the most effective use of benefits for staff travel and car schemes.The full category shortlist is:London Ambulance Service NHS Trust (Entered by ...
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Article41% want to receive childcare vouchers through salary sacrifice
Two-fifths (41%) of respondents want to receive childcare vouchers via a salary sacrifice arrangement as part of their employee benefits package, according to research by Sodexo Benefits and Rewards Services.Its survey of 1,000 employees also found that 51% of respondents want to contribute to their workplace pension through a salary ...
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Article32% take part in company car schemes to drive a better car
Around a third (32%) of respondents cite the ability to drive a better car as their reason for taking part in a company car scheme, according to research by Maxxia.Its survey of 207 UK employees who are part of a salary sacrifice or traditional company car scheme or who receive ...
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ArticleHow will the Spring Budget 2017 impact pay and benefits?
Chancellor Philip Hammond (pictured) delivered his first and last Spring Budget speech to the House of Commons on Wednesday 8 March 2017. Below is a summary of the key announcements that could impact employers’ pay and benefits strategies:The government’s tax-free childcare policy will be rolled out to parents with children ...
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Article12% rank health cash plans as their most valued benefit
Just over one in 10 (12%) respondents rank health cash plans as their most valued employee benefit, according to research by Willis Towers Watson.Its 2017 Willis Towers Watson employee benefits and wellbeing index, which surveyed 1,123 UK full and part-time employees aged between 18 and 64 years old, also found ...
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ArticleGovernment to invest in developing batteries for electric vehicles
Spring Budget 2017: The government will invest in the development, design and manufacture of batteries to power the next generation of electric vehicles.The investment will form part of the Industrial Strategy Challenge Fund (ISCF), which will receive an initial investment of £270 million in 2017-2018.In his Spring Budget 2017 speech, ...
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ArticleEXCLUSIVE: 65% of benefits professionals do not receive a car or car allowance
EXCLUSIVE: Almost two-thirds (65%) of HR and benefits professional respondents do not receive a car or car allowance as part of their benefits package, either as a business or perk driver, according to research by Employee Benefits.The Salary survey 2017, which surveyed 249 HR, reward and benefits professionals in December ...
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ArticleWhat impact will the Autumn Statement changes have on engagement with ultra-low emission vehicles?
Need to know:From April 2017, current tax and national insurance advantages for some company car salary sacrifice schemes will be removed, with the exception of arrangements relating to ultra-low emission vehicles.Pre-existing car salary sacrifice arrangements in place before April 2017 will be protected until April 2021.There will be new tax ...