All Tax-efficient benefits articles – Page 13
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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 ...
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Analysis
Fleet debate - 14: What are the key benefits of salary sacrifice car schemes for employers and staff?
If you read nothing else, read this…Salary sacrifice arrangements offer tax advantages and enable both employers and staff to save on National Insurance contributions.Many schemes include insurance and maintenance benefits, reducing the costs associated with running a car.Car salary sacrifice schemes can equip employees with newer, greener and safer cars.Colin ...
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ArticleTesco staff to take part in Cycle to Work Day
Tesco staff will be taking part in Cycle to Work Day on 3 September.The annual event aims to encourage workers to cycle their commute for just one day to boost active travel and healthier living.Around 500 organisations representing 800,000 employees, including Tesco’s 300,000 staff, will be encouraged to take part ...
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ArticleHow the Budget affects employee benefits
Chancellor George Osborne, announced the Summer Budget yesterday (8 July).Below is a summary of all the key announcements impacting employee benefits:The government is to consult on a reformation of pensions tax relief by publishing a green paper shortly, setting out the various options. These choices range from fundamental reforms, for ...
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ArticleGovernment to actively monitor salary sacrifice
Summer Budget 2015: No immediate changes to salary sacrifice schemes were announced by Chancellor George Osborne during his Budget speech yesterday (8 July).However, in the Budget documents it is noted that the government will actively monitor salary sacrifice schemes and their impact on tax receipts.The documents state: ‘Salary sacrifice arrangements ...
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ArticleEmployee Benefits/Alphabet Fleet research 2015
The Employee Benefits/Alphabet Fleet research explores how company car schemes are operated among UK organisations and the attitudes of the employers that offer them. The research was carried out in May 2015.The majority of respondents (61%) work in organisations with more than 1,000 employees, across all industry sectors.21% provide a ...
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Case StudiesAxa includes a range of benefits for staff travel
The insurer has a comprehensive company car policy, which offers all its employees the opportunity to have a company car, using three funding methods: employee car ownership, contract hire and a salary sacrifice arrangement.It also offers a number of other travel-related benefits such as a cash allowance towards the cost ...
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ArticleBuyer's guide to computer salary sacrifice
The factsWhat is a computer salary sacrifice scheme?An arrangement whereby an employer buys a computer from a computer scheme provider and then loans it to an employee, typically via a flexible or voluntary benefits scheme. The employee repays the cost through their gross pay.Where can employers get more information?Information about ...
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ArticleA guide to tax-efficient benefits
If you read nothing else, read this. .. There are a number of individual tax rules for all tax-efficient benefits. Changes to pensions and childcare vouchers affect their tax position and how employees take the benefits. New tax rules apply to employee share schemes.There is a growing list of tax- ...
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AnalysisHow apprenticeships can help boost employee engagement
Apprenticeships are becoming an increasingly popular option for businesses, and it is easy to see why. They enable organisations to grow their workforce, providing highly qualified and motivated employees.A primary reason for employers employing an apprentice is a need to improve their skills base and boost their long-term business development ...
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AnalysisHow to breathe new life into car salary sacrifice schemes
If you read nothing else, read this…Refreshing a scheme will first require reassessing the initial principles for offering it.Car salary sacrifice schemes offer staff an all-inclusive package with a brand-new car, servicing and maintenance, road tax and insurance.Advantages, such as the ability to reduce their carbon footprint, need to be ...
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AnalysisHow employers are using data to inform flexible benefits schemes
If you read nothing else, read this…Employers can use flexible benefits scheme data to assess how well their scheme supports their organisation’s business objectives.But they need to ascertain from their flex providers and benefits consultants the range of data that is available on their scheme, plus the format in which ...
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ArticleBuyers' guide to bikes-for-work schemes
The facts:What is the bikes-for-work scheme?It is a tax-exempt scheme that encourages staff to cycle to work to promote healthier lifestyles and reduce environmental pollution. It enables employers to fund bikes and safety equipment and loan them to workers tax free.Where can employers find more information?Additional information can be found ...
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ArticleSantander to discuss salary sacrifice cars at Employee Benefits Connect
Santander will discuss the evolution of salary sacrifice cars at Employee Benefits Connect on 4 March 2015.The session, ‘The evolving world of salary sacrifice cars- now and in the future’, will focus on the future of car salary sacrifice schemes and how communication methods are changing and influencing employee engagement.Attendees ...
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ArticleClyde and Co boosts payroll giving take up
EXCLUSIVE: Clyde and Co has increased take up of its workplace giving scheme after launching a campaign to encourage more employees to give money to charity through payroll.The law firm launched a campaign at the start of January 2015 after identifying that its take up was not as high as ...
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ArticleRamsay Health Care launches salary sacrifice car scheme
Ramsay Health Care UK has launched a salary sacrifice car scheme for 3,000 eligible employees. The provider of independent hospital services in England will offer the scheme to staff working in 36 of its private facilities.It added the scheme to its existing benefits package to assist with attracting new employees, ...
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AnalysisTop tips for boosting take-up of car salary sacrifice schemes
If you read nothing else, read this…Employers should have clear objectives for their scheme. Scheme risks include the early termination of contracts.Staff may be more engaged with a scheme that offers low CO2-emission cars .Offer a wide range of cars They can start by offering employees a wide range of ...
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ArticleEmployee Benefits digital magazine – January 2015
Read this month’s articles in the digital magazine by clicking the links below, or read the online versions by using the links to the right under ‘Related articles’ (these articles will go live in stages during January 2015).There is a growing trend among employers to transform reward and pensions specialist ...