All Tax-efficient benefits articles – Page 16
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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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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 ...
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Prudential launches salary sacrifice car scheme
Prudential has launched a salary sacrifice car scheme for 2,400 eligible employees.The life and pension provider has signed a four-year contract with Leasedrive, which will supply its Mycar scheme to the organisation.Leasedrive has also helped to communicate the new benefit to employees. John Wills, fleet manager at Prudential, said: “When ...
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EBECS launches salary sacrifice car scheme
EBECS has launched a salary sacrifice company car scheme.The information technology organisation launched the scheme to bolster its employee benefits package and enhance its reward strategy.The scheme was rolled out at EBECS’ three UK offices, where its provider, Pendragon Contracts, demonstrated its online driver information centre and quotation portals.The portals ...
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ArticleCycling to work more than doubles in 10 years
The number of working UK residents who cycle to work increased by 90,000 between 2001 and 2011, according to figures from the Office for National Statistics (ONS). The largest increase was in the number of London residents who cycle to work, which more than doubled in the period between 2001 ...
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Capital One raises bikes take up through EVP
Capital One has doubled the take up of its bikes-for-work scheme by integrating it in its employee value proposition (EVP).In a session titled Creating an EVP for the future: employee motivation and the role of benefits at Employee Benefits Connect on 27 February, Jill Cunnison, head of benefits and HR ...
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Case StudiesLeicester City Council’s car salary sacrifice scheme offers cost-effective benefit
The scheme, operated by Tusker, includes motor insurance, servicing and maintenance, roadside assistance, tyres and glass, plus protection against redundancy, resignation and maternity leave .Before implementing the scheme, the organisation wanted to reduce the cost of its employee benefits, having previously offered a central user allowance for employees to travel ...
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AnalysisGuy Roberts: Cars are the biggest benefit, but can be the trickiest
After a house, a car is typically the biggest purchase a person makes. So it is no surprise that cars are quickly becoming an essential part of a competitive benefits package.However, company cars have always posed challenges. Balancing issues such as the choice of cars, recharges and ex-employees leaving cars ...