All Tax-efficient benefits articles – Page 10
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ArticleHome Group and Asda celebrate achievements via digital peer recognition
Employee Benefits Live 2016: Home Group uses a digital recognition programme to enable both peers and managers to celebrate individuals' achievements and hard work by sending e-cards to employees across the business.The number of e-cards sent and the reasons for these are reviewed by the executive team on a monthly ...
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ArticleCurrent government consultations could impact employee benefits strategies
A round-up of current government consultations with a bearing on employee benefits:Tax-efficient benefitsHM Revenue and Customs has launched a consultation to examine the potential impact on employers and employees should the government change the way the benefits code applies when a benefit in kind (BIK) is provided in conjunction with ...
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Article
6: small tax and leg: Government consultation round-up
Gender pay gap reporting for the public sectorGender pay gap reporting guidelines are already in place for private and voluntary organisations employing more than 250 staff, with initial data due to be captured in 2017. In alignment with these measures, the government has recently concluded consulting on how to implement ...
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ArticleEXCLUSIVE: 49% cite flexible working as most coveted future benefit
Just under half (49%) of respondents say flexible-working arrangements and work-life balance will be the most important benefits to them in the future, making it the most coveted benefit, according to research by Grass Roots.Its Future of employee benefits report, which surveyed 1,000 employees and 200 HR managers, also found ...
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Case StudiesCountrywide aligns benefits and reward to help boost growth
Countrywide Group, the UK’s largest property services group, began the task of building a reward function in September 2014, when it drafted in Neil Goodwin, head of reward.He joined on the brink of a group-wide overhaul at the FTSE 250-listed group, which until then had just an operational human resource ...
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ArticleEXCLUSIVE: 36% have not reviewed core benefits in the last two years
Just over a third (36%) of respondents have not reviewed their core benefits offering in the last two years, according to research by Hargreaves Lansdown.Its study of 350 employers also found that only 13% of organisations that provide flexible benefits do not operate salary sacrifice arrangements, or if they do, ...
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ArticleEXCLUSIVE: 74% offer salary sacrifice pension arrangements
EXCLUSIVE: Almost three-quarters (74%) of employer respondents enable staff to contribute into their defined contribution (DC) pension scheme via a salary sacrifice arrangement, according to research by Employee Benefits and Xerox HR Services.The Benefits research 2016, which surveyed 338 employer respondents, also found that two-thirds (66%) of respondents offer a ...
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Supplier article
The future of salary sacrifice after HMRC consultation
Recently there has been much speculation that the government was concerned about – and intended to change – the rules that allow many employee benefits to be provided via a mechanism known as salary sacrifice.The reason for this focus is that the number of salary sacrifice schemes operated in the ...
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ArticleGovernment consults on tax-efficient benefits
HM Revenue and Customs (HMRC) has launched a consultation on limiting the range of benefits that attract relief on tax and national insurance contributions (NICs) when provided as part of a salary sacrifice arrangement or flexible benefits scheme.The consultation seeks to examine the potential impact on employers and staff should ...
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ArticleTarmac introduces technology scheme
Building materials organisation Tarmac has introduced a technology scheme for its 7,000 UK employees.Tarmac launched the SmartTech scheme, provided by Reward Gateway in partnership with Currys PC World, in July 2016. The scheme enables staff to purchase technology products on an interest-free basis from their net salary.The scheme gives employees ...
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ArticleSG Fleet acquires Fleet Hire
SG Fleet has acquired contract hire, fleet management and salary sacrifice provider Fleet Hire.SG Fleet Group manages a fleet of approximately 130,000 cars across Australia, New Zealand and the UK, while Solihull-based Fleet Hire currently has 60 staff and 6,500 cars in the UK.Fleet Hire's senior team, including chief executive ...
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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 ...