All Tax-efficient benefits articles
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OpinionLee McIntyre-Hamilton: Implications of NIC and minimum wage increases on salary sacrifice
There is no doubt about it; the upcoming rise in employer national insurance contributions, the national minimum wage, and the national living wage will lead to substantial employment cost increases for many employers.
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Article48% of employers are offsetting national insurance costs with salary sacrifice
Almost half (48%) of employers are offsetting national insurance costs with salary sacrifice, according to research by Towergate Employee Benefits.
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ArticleWarp Snacks introduces electric vehicle salary sacrifice scheme
Healthy snacks manufacturer Warp Snacks has introduced an electric vehicle (EV) salary sacrifice scheme for its workforce.
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OpinionCaroline Harwood: Can employers use salary sacrifice schemes to mitigate Budget tax rises?
The Chancellor announced that the threshold at which employers start paying NICs for each employee would fall from £9,100 to £5,000.
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ArticleExclusive: Formula E introduces salary sacrifice electric car scheme
All-electric racing series Formula E has introduced a salary sacrifice electric vehicle (EV) scheme for more than 200 eligible employees
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AnalysisBuyer’s guide to salary sacrifice car schemes
Salary sacrifice car schemes enable employees to have a new car for a fixed monthly cost and period of time by sacrificing an amount from their gross salary in exchange for a fully maintained and insured car.
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OpinionNick Bustin: What does 2025 have in store for employers and employees?
As 2025 starts to unfurl, the challenges faced by employers and employees alike are becoming more apparent.
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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.
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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) ...
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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 ...
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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 ...
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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 ...