All Tax-efficient benefits articles – Page 15
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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 ...
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ArticleCar schemes can cut costs and aid retention
Company car schemes can help employers to save money and attract and retain staff, providing they are underpinned by a robust communication strategy, according to the fleet specialists at the Employee Benefits Fleet debate hosted in August and sponsored by Lex Autolease, Tusker and Zenith. Andrew Kirby, commercial director, employee ...
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Video
How to implement car salary sacrifice for your business
brightcove.createExperiences();The 9-minute video tutorial above covers:What is car salary sacrifice?What are the financial advantages?How can you evaluate if car salary sacrifice is right for your business?How can you mitigate the risks around car salary sacrifice?What does the future look like for ...
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ArticleReading Uni launches salary sacrifice cars and bikes
EXCLUSIVE: The University of Reading has launched a salary sacrifice car leasing scheme and re-introduced its bikes-for-work scheme.The new benefits are aligned with the university’s sustainable travel plan and carbon reduction targets.Claire Eckett, HR manager, rewards and benefits at the University of Reading, said: “These benefits support the plan by ...
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ArticleConfessions of a benefits manager: Candid resists bikes for work
You might think I don’t take our employee requests seriously, but really I do. I discussed it long and hard with the local HR manager, and we decided the demand didn’t support such a programme. In London, we just don’t have any demand, thanks to Boris and the adjacent Tube.Besides, ...
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ArticleSouthern Water triples bikes for work take up
EXCLUSIVE: Southern Water has tripled take up of its bikes-for-work scheme since it re-launched the benefit in May.Around 100 employees have taken up the scheme, up from 33 staff who signed up for the scheme in 2013.The scheme, which is provided by P&MM, has been re-launched as part of the ...
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ArticleGuide Dogs Association launches salary sacrifice cars
The Guide Dogs for the Blind Association has launched a salary sacrifice car scheme for 1,200 eligible employees.The UK-wide charity has signed a four-year contract with Leasedrive, which will supply its Mycar scheme to the organisation.As a registered charity, Guide Dogs is also able to make use of the benefits ...
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Article85% of salary sacrifice drivers want more communication
Around 85% of respondents would be open to further communications about their salary sacrifice car scheme, according to research by Zenith.Its research, which surveyed 327 eligible salary sacrifice car scheme drivers, found that take up of the scheme varies considerably, depending on the level of communication permitted, from around 15% ...
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ArticleStagecoach re-launches bikes for work
Stagecoach Group has re-launched its bikes-for-work scheme for 23,000 employees across its UK bus divisions.More than 1,500 employees in the organisation’s UK bus division signed up for the benefit when it was first launched in 2012.The re-launch coincides with National Bike Week, which runs from 14 to 22 June.The bikes-for-work ...
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Case StudiesSky uses benefits to keep employees connected
Its products, such as Sky 3D and Sky Talk, also help its employees to stay connected to the Sky experience, which is at the heart of its benefits package.Tom Gardner, reward and employment tax manager at Sky, says: “It is absolutely imperative that our employees are totally up to speed ...
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Case Studies
The benefits offered by Sky
PensionTrust-based defined contribution scheme.Double-matched employer contributions to a maximum of 8%.About 4,000 employees were auto-enrolled on 1 April 2013.HealthcareA healthcare trust, available to all staff.Physiotherapy, which is in addition to the trust’s out-patient limit.On-site physiotherapy at some locations.An employee assistance programme.Health screening.Group riskGroup income protection (GIP) linked to the pension ...
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ArticleKFC launches salary sacrifice car scheme
EXCLUSIVE: KFC has launched a salary sacrifice car scheme for more than 950 eligible employees.The restaurant chain has included an emissions cap at 130g/km to help improve the organisation’s green credentials and help employees to make tax savings.The current lowest tax band, of 5%, is applied to all cars emitting ...
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ArticleDe Montfort University to launch computer and mobile phone schemes
De Montfort University is to launch salary sacrifice computer and mobile phone schemes to improve employee’s access to technology and help to create a healthy work-life balance.The schemes will be part of the university’s voluntary benefits scheme, which was introduced in 2013 with provider P&MM Employee Benefits.Almost 600 employees have ...
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ArticleOnly ten MPs donate to charity through payroll giving
Jus 1.5% of 650 members of Parliament (MPs) currently donate to charity directly from their pay.The information was gathered through a Freedom of Information request by the Geared for Giving Campaign.Only 10 MPs donate to charity through payroll giving, which is one more than the nine who did so in ...
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AnalysisHow to align tax-efficient benefits with a CSR strategy
If you read nothing else, read this…Employers can align a range of benefits to their CSR strategy, including bikes-for-work schemes and payroll-giving plans.Tax-efficient benefits are an obvious choice, because employers can donate the national insurance (NI) savings and employees can donate the NI and tax savings they make.Tax-efficient benefits, such ...
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Article
Barclays and LV= awarded for payroll giving
Barclays, HostelBookers, LV= and Shoosmiths are among the employers that have been recognised for the success of their payroll-giving scheme.The Pennies from Heaven Awards are presented annually to celebrate employers’ best practice and achievement in the running of their scheme.Winners of its Gold award have more than 20% of staff ...
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ArticleHewlett Packard and KPMG staff offered bike repair service
Hewlett Packard, KPMG and Wrigley employees will have access to a bike maintenance service in the workplace.The service is available through a partnership between global property organisation Goodman Group and online bike retailer Wiggle.It is aimed at encouraging more than 10,000 employees who work at 120 organisations across Goodman Group’s ...