All Tax-efficient benefits articles
-
AnalysisHow can employers plan for the Budget’s measures in their reward strategies?
One change is the increase in employer national insurance contributions by 1.2 percentage points to 15% from 6 April 2025.
-
Case StudiesOutdoor and Cycle Concepts keeps staff up-to-date about voluntary benefits
Outdoor and Cycle Concepts (O&CC) is the organisation behind retail stores Snow and Rock, Cotswold Outdoors and Runners Need. With about 1,400 retail staff aged between 16 and 90 spread across 79 stores and 300 head office staff, O&CC offers a range of voluntary benefits, many through ...
-
AnalysisRaising the profile of voluntary benefits
Credit: Billion Photos/ Shutterstock 2464376955 Need to know: Benefits such as retail discounts, mortgage advice and salary sacrifice arrangements are powerful tools in a cost-of-living crisis. Voluntary benefits can help engagement across a multi-generational workforce, as different demographics pick relevant services. Communication must ...
-
ArticleExclusive: 62% of staff incentivised by benefits through salary sacrifice scheme
Almost two-thirds (62%) of employees who plan to get an electric vehicle (EV) as their next car said a key incentive is the benefits available through a salary sacrifice scheme, according to new research by Tusker. The salary sacrifice car provider surveyed 5,942 UK employees for its ...
-
ArticleHMRC to clamp down on misapplied childcare scheme
HM Revenue and Customs (HMRC) is clamping down on employers that may have wrongly used a government benefit to reduce childcare costs for staff.Using salary sacrifice via a government childcare support scheme, employees’ nursery fees are deducted from their salary, meaning staff pay lower tax and national insurance contributions on ...
-
ArticleThe top 10 most read articles between 12 - 18 July 2024
The top 10 most read articles between 12 - 18 July 2024 on employeebenefits.co.uk were: BT Group to roll out new family leave policyKing’s Speech introduces mandatory ethnicity and disability pay reportingEmma Reynolds named pensions ministerKing’s Speech introduces Employment Rights BillUtility Warehouse introduces personalised financial education for employeesGusto Group to ...
-
ArticleCompany car schemes increasingly opt for electric vehicles
Credit: muk woothimanop/ShutterstockA third of UK organisations which intend to review their company car programme in the next 12 months plan to introduce more environmentally friendly vehicles into the schemes, according to research by Willis Towers Watson (WTW).Its Company car benefits survey report, which surveyed 1,610 UK organisations across ...
-
ArticleXPO Logistics introduces electric vehicle and hybrid salary sacrifice scheme
Logistics solutions provider XPO Logistics has launched an electric vehicle (EV) and hybrid salary sacrifice arrangement for its UK employees.Through the scheme, which is provided by vehicle leasing firm Arval, employees will be able to access competitively priced cars, which saving on income tax and national insurance contributions. Additionally, the ...
-
ArticleThe Perkbox Vivup Group to acquire Let’s Connect from Personal Group
The Perkbox Vivup Group is to acquire technology salary sacrifice benefits provider Let’s Connect from workforce benefits and services firm Personal Group.Let’s Connect’s team, which has a number of partners, and public and private sector clients, will blend into Perkbox Vivup’s operating structure and join its culture.According to Perkbox Vivup, ...
-
ArticleRoyal Mail Group launches company car salary sacrifice scheme
Royal Mail Group has introduced a company car salary sacrifice scheme for its more than 120,000 employees in order to support its commitment to achieving net-zero emissions by 2040.Through a partnership with Novuna Vehicle Solutions, the group’s employees will have access to new and used low-emission and electric vehicles (EV) ...
-
OpinionNick Bustin: What are the benefits of pension salary sacrifice schemes?
Pension salary sacrifice schemes are not a new concept, but one that all employers should consider, especially at a time where the tax burden on both employers and employees is high. These schemes, which see employees sacrifice some of their monthly salary in return for increased employer pension contributions, are ...
-
ArticleFitFlop introduces salary sacrifice nursery scheme
Credit: Ritu Manoj Jethani/ShutterstockFootwear brand FitFlop has introduced a salary sacrifice nursery scheme for its 165 UK employees in order to help them save money on childcare fees.The scheme, which is offered in partnership with WorkPlace Nursery, will enable employees to pay for nursery fees through a deduction from their ...
-
ArticleThe top 10 most-read articles between 23 - 29 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 23 - 29 February 2024 were: Marks and Spencer enhances pay and family leave policiesExclusive: Central Co-op introduces electric vehicle salary sacrifice schemeLondon Underground staff accept improved pay offerNew Look implements HR and payroll processes platform75% of Gen Z staff advocate for ...
-
ArticleExclusive: Central Co-op introduces electric vehicle salary sacrifice scheme
Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability.Through the scheme, which is provided by Octopus Electric Vehicles, Central Co-op's company car drivers and car allowance recipients can select a brand-new electric car with no upfront costs. The scheme also ...
-
Supplier articleIndividuals should act fast to make the most of their ISA allowance
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance.Jonathan Watts-Lay, Director, WEALTH at work, comments;“In the current environment, it has become difficult for a lot of people to save as much as they would like, ...
-
ArticleDexters introduces bikes-for-work scheme
Credit: Petra Figueroa / Shutterstock.comLondon-based estate agents Dexters has launched a bikes-for-work scheme for its 2,000 employees.Through the scheme, which is provided by micromobility platform Forest, Dexters' employees will be able to take out a monthly e-bike subscription for £29. This works out as approximately £1 per day if they ...
-
AnalysisBuyer’s guide to corporate gym membership
What are corporate gym memberships?Employers can offer a corporate gym membership on an employee-paid or discounted basis, with many gyms offering membership deals to organisations. Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package.What ...
-
ArticleLearnd launches electric vehicle salary sacrifice scheme
Learnd has introduced an electric vehicle (EV) salary sacrifice scheme for 200 eligible employees.The scheme, which is provided by fleet management firm Gofor, was rolled out to employees via a webinar. Learnd staff can view a wide choice of EV options to cater for a range of budgets, including the ...
-
ArticleBuyer's guide to home technology schemes
What are home technology schemes? A home technology scheme allows employees to purchase a new piece of technology and spread the cost through monthly payments. Employees are able to purchase things like smartphones, tablets, televisions, smart watches and fitness trackers, as well as large and small domestic ...
-
Supplier articleThe UK Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Autumn Statement 2023 on 22 November.
Importance of understanding the implications for businesses and individuals Being informed about the UK budget helps people make informed financial decisions, adapt to changes in the economy, and proactively manage both personal finances in response to government policies and priorities. Overview of theme of the budget: avoid ...