All Tax-efficient benefits articles – Page 18
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ArticleBuyer's guide to salary sacrifice car schemes
The factsWhat is a salary sacrifice car scheme?This is a car scheme for which an employee forgoes a portion of their gross salary in exchange for a car, and receives tax and national insurance breaks.Where can employers get more information?www.employeebenefits.co.uk/benefits/company-cars-and-fleetwww.hmrc.gov.ukWho are the main providers?ALD Automotive, Alphabet, Fleet Evolution, Fleet Hire, ...
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Payroll giving donations increase by £6m
Donations to charity directly from pay have risen by £6 million to £124 million since 2012, according to figures from HM Revenue and Customs.The figures also show that the number of staff using a payroll-giving scheme has reached a four-year high at 750,000.Meanwhile, average donations have risen by 40p per ...
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Employers should do more around charity work
Just under half (43%) of respondents felt their employer should be doing more to help charities in their local community, according to research by fundraising platform Give as you Live.Its Donor survey, which questioned more than 1,000 UK workers, found that 52% of respondents said their organisation does not have ...
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Your Housing Group launches salary sacrifice car scheme
Your Housing Group has introduced a salary sacrifice car scheme for all of its permanent employees.The tax-efficient scheme, provided by Lex Autolease, gives the social housing association’s employees the opportunity to add up to two additional drivers to the scheme.The monthly cost covers all normal running costs, such as insurance, ...
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SSE receives 3,000 requests for salary sacrifice cars
SSE has received 3,000 requests for cars from employees through a salary sacrifice arrangement since it was launched in May.The energy supplier, which has 20,000 employees, has already received orders for 500 cars.The scheme, provided by Lex Autolease, offers employees a car for a monthly fee, which includes insurance, service, ...
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Bikes-for-work schemes reduce staff absence
A survey published by charity Sustrans in June showed cycling to work could halve the number of sick days taken by UK employees.The survey, of more than 800 people on the National Cycle Network, found cyclists took an average of 2.4 sick days a year, compared with an overall average ...
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Employers reward staff for green behaviour
Copper Consultancy and Richmond Towers Communications are the first employers to launch a new employee engagement and reward programme, which is designed to help organisations embed a culture of sustainability and healthy living.The programme, Jump: Healthy Planet – Healthy Team, rewards employees for taking positive steps that both improve the ...
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East Coast Mainline revamps voluntary perks
EXCLUSIVE: East Coast Mainline has added a bikes-for-work scheme to its online voluntary benefits scheme, run health and wellbeing roadshows, and extended its recognition scheme.The bike scheme, which was introduced in May and is provided by Halfords, had 40 employees take it up within its first month.The health and wellbeing ...
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Cycling to work could halve sick days
Cycling to work could halve the number of sick days taken by UK employees and provide a £13.7 billion annual boost to UK business, according to a report by Sustrans.The report has been launched in tandem with the charity’s Support Cycling to Work campaign.It calls on government to recognise the ...
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Cycling to work saves more than 100,000 tonnes of CO2 a year
More than 100,000 tonnes of carbon dioxide (CO2) have been saved every year through employees cycling to work, according to research by the Cycle to Work Alliance.Its Green way to work report, which surveyed 18,500 employees who use a bikes-for-work scheme, found that respondents save 112,210 tonnes of CO2 in ...
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ArticleMost common salary sacrifice perks
EXCLUSIVE: The most common benefits offered through a salary sacrifice arrangement on a voluntary basis are childcare vouchers (76%), bikes-for-work schemes (62%) and pensions contributions (60%), according to exclusive research by Employee Benefits.The Benefits Research 2013, which surveyed 561 HR and benefits professionals, found that the number of employers that ...
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The Monarch Group launches bikes-for-work scheme
The Monarch Group has launched a bikes-for-work scheme, following requests from its employees.The airline, and its provider Evans Cycles, hosted nine roadshows around the country to present the scheme to staff in February 2013, with a pop-up shop at its Luton hub where crew, engineers and ground staff were able ...
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Cyclescheme partners Paralympian Sarah Storey
Cyclescheme has partnered with multiple gold medal-winning Paralympic cyclist Sarah Storey.The four-year partnership will see Storey promoting the bikes-for-work provider’s Challenge Yourself campaign, which encompasses a number of cycling initiatives, such as the first National Cycle to Work Day on 12 September 2013. The event has been created to highlight ...
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Stormfront launches computer scheme
Stormfront, the Apple reseller, has launched a computer scheme for employers to offer staff.The scheme, which is available via a salary sacrifice arrangement, offers access to Apple reseller’s range of products, including Mac computers, iPads and iPods. Stormfront will create a bespoke branded website fo employers.Employees can also access Stormfront’s ...
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Stagecoach drivers to receive cycling training
Stagecoach London has developed a training programme for its bus drivers to help them to emphasise with cyclists and understand how to minimise the risk of sharing the road.The programme, in conjunction with Cycle Training UK, follows the implementation of a bikes-for-work scheme by the employer in 2012. A total ...
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Barclays Bank among employers awarded for payroll giving
Barclays Bank, Capital One and Hostelbookers.com are among the winners of workplace-giving organisation Pennies from Heaven’s annual awards.The awards celebrate employers that have demonstrated commendable commitment and generosity to charities through their payroll-giving schemes.Gold medals are awarded to employers which have more than 20% of staff participating in the scheme, ...
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Tesco introduces bikes-for-work scheme
Tesco has launched a bikes-for-work scheme for its 300,000 employees.The retail giant hopes the scheme will encourage employees to change to commuting by bicycle.Employees can either purchase a bike from one of provider Cyclescheme’s network of independent bike shops, or via the Tesco Direct website. Those who do so via ...
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Employers review car provision
EXCLUSIVE: Three quarters (75%) of fleets reviewed their car provision during the last 12 months, as many organisations continue to focus on cost saving, according to research by Alphabet.The Alphabet fleet management report, which surveyed 250 UK fleet managers, also found that:The proportion of employers that benchmark fleet costs against ...
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Glasgow Climbing Centre introduces bike rides
Glasgow Climbing Centre has introduced a weekly bike ride for all staff.The climbing centre, which employs eight full-time staff and 45 part-time staff, holds the bike ride every Wednesday afternoon.Rob Watts, centre manager at The Glasgow Climbing Centre, said: “By nature of what we do, the people I employ are ...
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Wolverhampton NHS Trust launches salary sacrifice cars
Royal Wolverhampton NHS Trust has launched a salary sacrifice car scheme for its 6,165 eligible employees.All permanently-contracted employees at the trust will be eligible to use the scheme, called SalarySacrifice4Cars.The scheme is run by Tusker and is the fleet provider’s 100th scheme.Tony Stanyard, head of procurement at Royal Wolverhampton NHS ...