All Tax-efficient benefits articles – Page 12
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Supplier article
Only 9% of employers have reviewed Salary Sacrifice usage against new National Living Wage requirements
With the introduction of the National Living Wage less than three months away, a survey by Jelf Employee Benefits highlights that many employers need to take urgent action to ensure full compliance with this new law.The new requirement sets a higher minimum income level for employees aged over 25. This ...
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Article9% have reviewed salary sacrifice against national living wage compliance
Less than one in 10 (9%) of employer respondents have reviewed their use of salary sacrifice against the new national living wage requirements, according to research by Jelf Employee Benefits.Its survey of 180 employers also found that 39% of respondents are unaware that salary sacrifice arrangements could result in employers ...
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AnalysisFive predictions for employee benefits in 2016
Need to know:April 2015’s pension freedoms have formed a gap in the market for bespoke pensions.Increasing pressure to publish pay data may lead to more employers doing so voluntarily.Technology and staff-driven benefits are likely to increase in popularity.Through 2016 and beyond, employee benefits will evolve as staff wants and needs ...
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ArticleWolseley UK introduces car salary sacrifice scheme
Heating, plumbing and building materials organisation Wolseley UK has introduced a car salary sacrifice scheme for all of its 6,500 employees.The scheme, provided by Zenith, was launched in November 2015 and the first car was delivered in early December.To date, 29 orders have been placed by Wolseley UK employees, three ...
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ArticleEXCLUSIVE: Carlsberg UK to launch car salary sacrifice scheme
EXCLUSIVE: Carlsberg UK is to launch a car salary sacrifice scheme for its 1,600 employees in spring 2016.The organisation is introducing the new scheme, provided by Car Salary Exchange, to broaden its employee benefits offering.The salary sacrifice arrangement will sit alongside Carlsberg UK’s existing company car offering. It will be ...
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Article
6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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Case StudiesNorth Yorkshire County Council offers green cars
North Yorkshire County Council has offered its 18,000 members of staff a car salary sacrifice scheme since 2010, but over the years, it has been necessary for the council to adapt its offering to better suit its workforce.Since it was first introduced, the scheme has expanded to offer staff more ...
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Case StudiesDanone engages staff with company cars
Danone uses communication to ensure its longstanding company car scheme remains relevant and valued by staff.In September 2015, Danone launched a salary sacrifice car scheme as a separate benefit, which is offered alongside its existing company car plan. Both schemes are provided by Leaseplan.The new scheme is available to all ...
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Article60% believe bikes-for-work schemes boost productivity
Almost two-thirds (60%) of employee respondents believe that cycling to work improves their productivity, according to research by the Cycle to Work Alliance.The study, based on responses from 13,148 employees and 352 employers who participate in a bikes-for-work scheme provided by one of the four Cycle to Work Alliance members, ...
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Supplier article
Autumn Statement 2015: what you need to know
The Autumn Statement was a late addition to the main announcement scheduled for 25 November; the outcome of the latest five year spending review covering £4,000bn of government expenditure. Although the planned reforms received little attention when announced back in July, they represented just over half of the £9.075bn additional ...
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ArticleBuyer's guide to car salary sacrifice schemes 2015
Despite worries over the future of salary sacrifice arrangements after the Government announced it intended to monitor such arrangements in its July 2015 Budget, car salary sacrifice schemes remain a popular choice with businesses and their employees.A report from consultancy firm OC&C in 2014 predicted car salary sacrifice could account ...
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Supplier article
Autumn Budget Statement – a few things caught our eye
As predicted, there was not too much of note for the world of Employee Benefits in the Autumn Statement on 25 November (which is something of a relief!) – but one point did catch our eye. The Chancellor said: “Over 5 million people have already been auto-enrolled into a pension ...
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ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...
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ArticleGovernment to call for evidence on employer-provided accommodation
Autumn Statement 2015: The government has announced that it will publish a call for evidence on the tax treatment of employer-provided living accommodation.The announcement follows recommendations by the Office of Tax Simplification’s (OTS) report on simplifying the administration of employee benefits and expenses.The call was announced in the Autumn Statement ...
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ArticleGovernment to gather evidence on salary sacrifice
Autumn Statement 2015: The government will continue to consider what action, if any, will be taken around salary sacrifice arrangements.It will gather further evidence, including from employers, to inform its approach to salary sacrifice arrangements.In the Spending review and autumn statement 2015 policy paper, the government expresses its concern at ...
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ArticleEXCLUSIVE: Danwood introduces holiday purchase scheme
EXCLUSIVE: Danwood has introduced holiday buying as a benefit for its 1,140 employees.The printing services organisation is offering the benefit on a voluntary or salary sacrifice basis after its 2014 employee engagement survey revealed that 69% of its staff were interested in purchasing additional holiday. Staff can now purchase up ...
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ArticleBack to basics on tax-free employee loans
Need to know:If employee loans do not go over £10,000 during the tax year, the employer has nothing to report in an annual tax return.A salary advance or loan to help an employee facing hardship counts as an employment-related loan.Writing off a loan should be treated as payment of taxable ...
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Article
58 per cent of teachers say they do not have employee benefits
More than half (58%) of teacher respondents say that they do not have employee benefits, according to research by fleet management firm Tusker.Its survey of 330 teachers also found that just 9% of respondents are satisfied with their current employee benefits package.The research also found:41% of respondents name pay as ...
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Article
Tax-efficient benefits
The latest analysis, news, case studies and opinion in relation to tax-efficient benefits, covering salary sacrifice/optional remuneration arrangements for benefits including cars; childcare vouchers; and bikes for work.
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ArticleDanone sees 82% engagement with car salary sacrifice
EXCLUSIVE: Danone has reported a 82% engagement rate on emails communicating its new salary sacrifice car scheme, which was introduced in September.The organisation also saw 140 active users in the system and more than 50 quotes had been saved in the two weeks following the scheme’s launch.The new scheme aims ...