All Tax-efficient benefits articles – Page 16
-
Article
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 ...
-
Article
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 ...
-
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 ...
-
Article
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 ...
-
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 ...
-
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 ...
-
ArticleBuyer's guide to computer salary sacrifice schemes 2014
The factsWhat is a computer salary sacrifice scheme? The benefit, usually offered via a flexible or voluntary benefits scheme, enables employees to pay for a computer, laptop or tablet out of their gross pay, resulting in tax and NI savings for the employee and NI savings for the employer. However, ...
-
Article85% see health benefits of bikes for work
More than three-quarters (85%) of bikes-for-work scheme users have noticed an improvement in their health since taking up the scheme, according to research by the Cycle to Work Alliance.The healthy commute research, which surveyed more than 18,000 employees who use the scheme and 700 employers that offer bikes for work, ...
-
Case StudiesDavid Thorpe discusses his favourite staff benefits at East Coast Mainline
“I started on a casual basis for six months doing luggage assistance, then I applied for a full-time permanent role as a station customer services assistant, despatching trains at Peterborough,” he says.Thorpe’s favourite benefit is the bikes-for-work scheme, which is available via a salary sacrifice arrangement through the organisation’s voluntary ...
-
Article
North Yorkshire County Council launches voluntary benefits plan
North Yorkshire County Council (NYCC) has launched a voluntary benefits scheme.The scheme, Everybody Benefits, is available to the council’s 19,000 employees through a framework agreement.The online portal incorporates lifestyle discounts from provider Xexec, as well as childcare vouchers provided by Computershare Voucher Services, a bikes-for-work scheme provided by Cyclescheme and ...
-
Article
Bikes for work take-up rises year on year
More than 164,000 employees joined a bikes-for-work schemes in 2013, according to figures from the Cycle to Work Alliance.This represents a 16.4% increase from 2012 and the biggest growth in UK employees taking up the tax-efficient benefit since 2010.Steve Edgell, director at Cycle Solutions and chair of the Cycle to ...
-
AnalysisA quick guide to employee benefits tax
Tax-efficient benefits offered through a salary sacrifice arrangement are exempt from income tax, employer’s NI and employee’s NI. This is so because a benefit offered in this way reduces an employee’s pay, so less tax and national insurance is due and the employer will not have to pay NI contributions ...
-
ArticleBuyer's guide to bikes-for-work schemes 2014
One of the main attractions of the scheme is the tax and national insurance (NI) breaks it offers employees and employers.Employees can reduce their tax and NI liability when they buy a bike for their commute to work through a salary sacrifice arrangement. The typical saving for a standard-rate taxpayer ...
-
Article
Virgin Media partners Evans Cycles for charity support
Virgin Media has partnered Evans Cycles to support disability charity Scope.The media organisation has offered employees a bikes-for-work scheme provided by the cycling retailer as part of its voluntary benefits offering since 2011.Through the partnership, a percentage of Virgin Media’s employees’ initial bikes-for-work order has been donated to purchase a ...
-
Article
A million UK staff donate to charity via payroll giving
More than a million employees donated to charity through a workplace payroll-giving scheme in 2012/13, according to revised figures by HM Revenue and Customs (HMRC).The figures have been revised due to a change in data collection and also in the data systems of some payroll-giving agencies.The figures show that donations ...
-
Article
NHS trusts renew car schemes
CPC Drive, the NHS North of England Commercial Procurement Collaborative’s (NOE CPC) fleet management service, has re-appointed Tusker to provide lease cars, salary sacrifice car schemes and grey fleet management services to NHS trusts and other public sector bodies across the UK.Tusker, which was appointed to the framework agreement three ...
-
Case StudiesNCFE focuses on flexibility in benefits package
The transfer will have a direct impact on the benefits taken up by staff at the organisation, which was formerly known as the Northern Council for Further Education.Michelle Sharman, HR manager at NCFE, says: “We are a growing organisation, which brings its own challenges. We are moving from a city ...
-
Article
DOD’s blog: Cycle to work safety is vital
When employers know that staff cycle to work do they do enough to promote safety on the roads, I wonder.I only ask because, although I am a strong advocate of treating staff like grown ups and not being an employer nanny, I see too many drivers and cyclists behaving in ...
-
Article
Leicester City Council launches salary sacrifice cars
Leicester City Council has launched a salary sacrifice car scheme for 13,600 eligible employees.The scheme, which is operated by Tusker, includes motor insurance, servicing and maintenance, roadside assistance, tyres and glass, plus protection against redundancy, resignation and maternity leave.Leicester City Council already provides employees with salary sacrifice arrangements on a ...
-
Article
Zenith launches electric car strategy
Zenith has launched an electric car strategy called e-motion.The strategy makes full electric, plug-in hybrid or range extenders available on its salary sacrifice and for company car schemes.It also includes:Advice to fleet managers on the use of electric cars.An online selector that determines whether or not an electric car is ...