All Tax-efficient benefits articles – Page 10
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Article51% offer a car salary sacrifice scheme to boost staff morale
Just over half (51%) of employer respondents who offer a car salary sacrifice scheme to staff provide the benefit to raise employee morale, according to research by finance organisation Maxxia.Its HR views on salary sacrifice car schemes report, which surveyed 100 HR professionals in UK-based organisations with at least 250 ...
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Case StudiesUniversity of Reading sees momentum grow around salary sacrifice car scheme
The University of Reading launched a salary sacrifice-based car leasing scheme called Mycar through Leasedrive (now combined with Zenith) back in June 2014.The scheme has been something of a slow burn in terms of growth, with currently around 20 to 25 members, but is nevertheless seen as an important part ...
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AnalysisWhat would a future without salary sacrifice car schemes look like?
Need to knowThe government has said it is considering limiting the range of benefits available through a salary sacrifice arrangement.While providers are confident car schemes will not end up in the firing line, it is possible alternative models may need to be looked at.These could include affinity, employee car ownership ...
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AnalysisInfographic: What car benefits do organisations offer?
An infographic looking at the car benefits offered by respondents' organisations and the basis on which they are offered (Source: Employee Benefits/Xerox HR Services' Benefit research 2016, published in June 2016).Read more in What would a future without salary sacrifice car schemes look like?
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ArticleHull College Group launches car salary sacrifice scheme
Hull College Group has launched a car salary sacrifice scheme for its 1,200 employees.The organisation has introduced the scheme as part of a wide-ranging employee benefits package, provided by BHSF Employee Benefits.The scheme, TCH Salsa, provided by TCH Leasing, was launched in May 2016 and is available to all employees.It ...
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ArticleEast Kent College launches mobile phone salary sacrifice scheme for all staff
Education facility East Kent College has launched a new salary sacrifice mobile phone scheme for its 550 employees.The benefit, Phonescheme, provided by Grass Roots, was introduced in February 2016. The scheme enables staff to save up to 42% on the cost of a mobile phone.Looking to widen the existing reward ...
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ArticleFat Face launches mobile phone salary sacrifice scheme for staff
Clothing and accessories retail organisation Fat Face has launched a new salary sacrifice mobile phone scheme for its 3,000 UK employees.The benefit, Phonescheme, provided by Grass Roots, was introduced in June 2016. The scheme enables staff to save up to 42% on the cost of a mobile phone.The scheme was ...
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ArticleEXCLUSIVE: Royal Mail Group receives 1,200 orders for car salary sacrifice scheme
Royal Mail Group has seen staff place 1,200 orders for cars after launching a salary sacrifice car scheme in March.It launched its My Drive scheme, which employees can take up at any time and is provided by Zenith, in conjunction with the launch of its flexible benefits plan, branded My ...
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ArticleKing’s College Hospital NHS Foundation Trust launches car salary sacrifice scheme
King’s College Hospital NHS Foundation Trust has introduced a car salary sacrifice scheme for its employees.The car scheme, which was launched in mid-June 2016, is available to over 9,800 eligible employees among the organisation's 13,000-strong workforce.The scheme, provided by Tusker, also offers staff maintenance support, insurance, breakdown cover, tyres and ...
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ArticleEXCLUSIVE: 93% believe childcare vouchers are best tax-efficient benefit
EXCLUSIVE: The majority (93%) of respondents feel that childcare vouchers are the most popular tax-efficient benefit offered by their organisation, according to the Employee Benefits/Xerox HR Services Benefits research 2016, published in June 2016.The government’s tax-free childcare scheme, aimed at replacing childcare vouchers, will be phased in from 2017, with ...
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Case StudiesThe benefits offered by SAS Software
The workplace benefits offered by SAS Software:PensionDefined contribution (DC) stakeholder plan for all employees as a core benefit.Employer contribution levels are 6.5% for up to two years' service, 10% for over two years.Minimum employee contribution of 2.5%.Employees with more than two years’ service can choose to reduce their employer contribution ...
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Case StudiesSAS Software offers choice and support to staff
For SAS Software, a key component of its benefits philosophy is that it offers its employees choice to enable them to pick benefits that support them throughout their career, while retaining a sense of being a paternalistic employer.Its UK headquarters, situated on a 110-acre estate on the bank of the ...
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ArticleSTV launch car salary exchange scheme
STV has launched a new car salary sacrifice scheme for its 15,000 employees, with all new users of the scheme entered into a prize draw to win a satellite navigation system.The Scottish digital media organisation launched the initiative in February as part of their total engagement strategy, ensuring staff can ...
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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Case StudiesTravis Perkins unifies its benefits offering
Travis Perkins, which employs approximately 30,000 people across the UK, operates according to its five core values, known as cornerstones: upholding family values, keeping people safe, working for its customers, being the best, and making decent returns. The latter does not merely refer to financial returns, but also to the ...
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AnalysisThe key announcements to take note of from the Budget 2016
Need to know:In the Budget 2016, the government announced the alignment of the national minimum wage and national living wage cycles.From April 2018, employer national insurance contributions will be payable on termination payments exceeding £30,000.The 0.5% apprenticeship levy will be introduced from April 2017 as planned; this will only impact ...
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Case StudiesJohn Lewis Partnership works to ensure benefits add value
For the John Lewis Partnership, employee benefits are one of a number of elements that have helped to establish its reputation as a great place to work. The organisation encompasses John Lewis and Waitrose, and all of its 90,000 members of staff are partners in the business.Rachael Abbott, benefits development ...
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Article42% would be interested in taking part in a bikes-for-work scheme
More than four in ten (42%) respondents would be interested in taking part in a bikes-for-work scheme if their employer provided one, according to research by Edenred.Its Employer’s guide to cycle to work report, which surveyed 1,000 employees, also found that 22% of respondents do not cycle to work because ...
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ArticleUniversity of Lincoln introduces car salary sacrifice scheme
The University of Lincoln has launched a car salary sacrifice scheme for staff.The university, which employs 1,600 core members of staff, is introducing the scheme to further enhance its employee benefits offering.The car salary sacrifice scheme, which will sit alongside existing travel benefits, aims to support employees’ commutes to work ...
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ArticleEXCLUSIVE: JLT achieves 18% engagement rate with car salary sacrifice scheme
EXCLUSIVE: Jardine Lloyd Thompson (JLT) has seen 18% of eligible employees register interest in its car salary sacrifice scheme in the three months since it was launched.The insurance, reinsurance and employee benefits consultancy firm introduced the scheme, which is provided by Fleet Hire’s Car Salary Exchange, at the end of ...