All Tax-efficient benefits articles – Page 17
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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 ...
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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 ...
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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 ...
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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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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 ...
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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 ...
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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, ...
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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, ...
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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 ...
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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 ...
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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 ...