All Tax-efficient benefits articles – Page 14
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AnalysisTop five tips for implementing car salary sacrifice
For employers that are thinking of implementing a car salary sacrifice scheme in their organisation, here are five top tips for getting it right.1 Be clear on your objectives This may sound simple, but many organisations move straight into the provider selection process without first being clear about their own ...
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ArticleBernard Matthews launches car salary sacrifice scheme
Bernard Matthews Farms has launched a car salary sacrifice scheme.The scheme, which is provided by Pendragon Contracts, is capped at CO2 emissions of 110g/km and by P11d values, offering a range of cars aimed at encouraging staff to choose cars with lower emissions that will maximise savings and aid employee ...
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VideoVIDEO: David Hosking: Car salary sacrifice success depends on communication
A clear and concise communication strategy is vital to boost the success of a salary sacrifice car scheme, according to David Hosking, chief executive of Tusker, in an interview with Clare Bettelley, associate editor at Employee Benefits. At the Employee Benefits Fleet debate in August, Hosking said: ”[Employers] have to ...
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OpinionClaire Evans: Designing and marketing an effective car salary sacrifice scheme
Making company cars available to all employees via a salary sacrifice scheme is a popular way for organisations to enhance benefits packages.Lease providers should offer their expertise and support to employers considering a salary sacrifice scheme at every stage of the process, from initial policy designs through to a campaign ...
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AnalysisWhat the future holds for company car schemes
If you read nothing else, read this…Mobility and flexibility will be at the heart of future fleet schemes.Employers must be mindful of the cost-conscious Generation Y.Mobile apps will help staff service their vehicles while on the road. Mobility and flexibility will be at the heart of future fleet schemes, according ...
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AnalysisAre salary sacrifice car schemes worth employers' efforts to implement?
If you read nothing else, read this…Salary sacrifice car schemes offer staff access to a brand new car and ongoing support and maintenance in return for sacrificing a portion of their gross salary. Employers and employees can make big tax and national insurance savings. Scheme communications must highlight employees’ benefit-in-kind ...
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ArticleUniversity of Birmingham launches car salary sacrifice
The University of Birmingham has launched a car salary sacrifice car scheme for its 6,500 members of staff.Through the scheme, which is provided by SGFleet, employees can take up a fully maintained and insured car, with savings available through tax and national insurance efficiencies, as well as corporate discounts. The ...
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ArticleClare Bettelley: Company car schemes can be easy to implement
And this is particularly the case with company car schemes, because of the perceived work required by employers to identify which employees they should, and can afford to, offer the perk.This suggests two things: that they have had a bad experience with a service or service provider in the past, ...
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VideoVIDEO: Andrew Kirby: Car schemes can help employers reduce costs
Company car schemes are a useful tool with which employers can add value to their benefits package, as well as reduce their costs, according to Andrew Kirby, commercial director, employee benefits, at Zenith in an interview with Clare Bettelley, associate editor at Employee Benefits. At the Employee Benefits Fleet debate ...
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OpinionAndrew Kirby: Relationships are at the heart of future car schemes
During the economic downturn, one of the main attractions of a salary sacrifice car scheme from an employer’s perspective was its ability to help with recruiting, retaining, motivating and engaging employees at no cost to the business.Now the economy is growing and employment opportunities are increasing, the battle to recruit ...
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VideoVIDEO: Chris Chandler: Car schemes must be aligned to staff expectations
Employers with plans to implement a company car scheme must ensure that they engage staff in the process, according to Chris Chandler, principal consultant at Lex Autolease in an interview with Clare Bettelley, associate editor at Employee Benefits. At the Employee Benefits Fleet Debate in August, Chandler said: ”It’s really ...
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OpinionDavid Hosking: Dispelling key myths about salary sacrifice car schemes
Salary sacrifice car schemes are a tax-efficient way to offer staff a brand new, fully insured and maintained car as part of a flexible benefits package.Schemes are tax-compliantAt its most basic and simple level, a salary sacrifice car scheme allows employers to ‘pay’ their staff with a company car, with ...
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ArticleFleet supplement 2014
Read the digital edition of Employee Benefits’ Fleet supplement 2014.The report includes the following articles:Clare Bettelley: Company car schemes can be easy to implementAre company car schemes worth the effort to implement?Top tips to control company car scheme costsWhat should a company car risk management strategy cover?What the future holds ...
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ArticleOver 300 Welsh Water employees take up bikes-for-work scheme
Welsh Water (Dwr Cymru) has seen 313 employees take up its bikes-for-work scheme since its launch in August.The organisation promoted the scheme in cnojunction with provider Cycle Solutions, which visited seven key sites across Wales with a virtual shop.This enabled staff to experience some of the bikes and cycling equipment ...
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ArticleAmey and University of Cambridge support Cycle To Work day
Amey, Nokia and the University of Cambridge are some of the organisations supporting national Cycle to Work Day.The day, which takes place on 4 September, promotes the benefits of cycling in the workplace.Amey is encouraging employees to take selfies during Cycle To Work day with a message about why they ...
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Case StudiesMarks and Spencer goes multi-channel for flex
Marks and Spencer (M&S) knew it was undertaking an ambitious project when it set out to launch a flexible benefits scheme to its entire workforce in 2013.Most of the retailer’s 75,000 UK employees work offline across more than 800 stores, so it had to develop a scheme that was accessible ...
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OpinionJohn Pryor: Fleet funding models must suit employers' needs
Funding is bespoke to individual organisations and while tax changes can trigger a switch in funding routes so can alterations in an organisation’s status and attitude.These include, for example, its ability to borrow money and its own cash situation, its attitude to financial risk and its level of internal fleet ...
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AnalysisWhat are the current trends in fleet funding?
If you read nothing else, read this…There are six types of funding options available to employers to fund company cars.Contract hire is the most popular of these and is often used for salary sacrifice arrangements.Employers are opting for a combination of funding methods to offer more choice to employees.Organisations are ...
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ArticleCouncils introduce salary sacrifice car schemes
Sandwell Council, Calderdale Council and Oxford City Council have introduced salary sacrifice car schemes, covering nearly 10,000 employees. Sandwell Council launched its scheme to its 5,000 employees in June. Calderdale Council launched a low carbon scheme to more than 3,600 eligible staff.Meanwhile, Oxford City Council, which has 1,200 eligible employees, ...
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Case StudiesUniversity of Reading launches salary sacrifice car scheme
The University of Reading launched a salary sacrifice car leasing scheme in June to help improve its employee benefits package.The university decided on a leasing arrangement, underpinned by contract hire, because of its low cost and the ability to offer employees a fully maintained car.Claire Eckett, HR manager, rewards and ...