All Tax-efficient benefits articles – Page 19
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Article
Co-operative Flexible Benefits and Zenith partner on car product
Co-operative Flexible Benefits and Zenith have partnered to launch a low-emission salary sacrifice car scheme.The Green Car Scheme will enable employers to offer employees access to Zenith’s quoting platform, which allows them to see personalised quotes on a range of cars and accessories, and place and track their order on-line.Debbie ...
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Article
Very few MPs use payroll giving
Just nine out of 650 members of Parliament (MPs) currently donate to charity directly from their pay, up from four out of 646 in 2008.The information was gathered through a Freedom of Information request by Geared for Giving.Payroll giving, a scheme introduced in 1987, enables UK employees to donate to ...
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Article
Younger employees shun payroll giving
The research also found that only 1.9% of under-30s in employment gave through payroll, compared with 4.5% of staff aged between 30 and 49, and 3.9% of those between the ages of 50 and 64.Chantell Mills, senior company relations manager at CAF, said: “The generation gap was pretty big. Older ...
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Article
Buyer's guide to bikes-for-work schemes 2013
Britain’s cycling success in the 2012 Olympics and Paralympics and the Tour de France gave bikes-for work schemes a boost. They were already a popular incentive for various reasons, including improving employees’ health and helping to reduce traffic pollution.But one of the biggest draws is the tax breaks available when ...
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Article
Payroll-giving consultation launched
The government has launched a consultation on proposals to reform payroll giving, including simplifying the scheme’s administration and making it easier for employees to give through their payroll.Payroll-giving schemes allow UK employees to donate to charity through their pay on a tax-free basis. Donations are deducted from gross pay, so ...
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Article
Inquiry looks for evidence to get Britain cycling
The All Party Parliamentary Cycling Group (APPCG) will start taking verbal evidence for the Get Britain Cycling inquiry on 23 January.The inquiry aims to look at the barriers that are preventing more people cycling in the UK, where only 2% of journeys are made up of cycling compared to 27% ...
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Article
Fire Brigade raises money through bikes for work
London Fire Brigade has raised £6,400 for The Fire Fighters Charity through its bikes-for-work scheme.Its provider Cycle Solutions made a donation to the charity based on the number of bikes ordered. Since the scheme was launched in July 2012, 900 bikes have been ordered.The scheme will be re-launched in February ...
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Article
Action needed to boost payroll giving
Only 3% of UK employees donated to charity through payroll in 2011/12, according to research by the Charities Aid Foundation (CAF).The research, The journey so far … insights into 25 years of payroll giving, found that £118 million was donated via payroll by 735,000 employees.It also found that only 1.9% ...
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AnalysisSalary sacrifice car schemes explained
IF YOU READ NOTHING ELSE, READ THIS…Salary sacrifice company car schemes may not be suitable for every employer.The most common barrier to introducing a scheme is lack of understanding about cost and implementation.Employers should engage a qualified tax adviser to ensure deductions from salary are dealt with properly.Salary sacrifice company ...
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Opinion
Michael Rose: Getting more for less in benefits in 2013
Getting more for less has been a growing theme in 2012, and one that I expect to continue in 2013. Organisations will look for tax-efficient, approved benefits arrangements that can deliver value at low or nil cost, such as salary sacrifice. That said, while there will be a growth in ...
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Article
Guidance to promote workplace fitness
Employees should be encouraged to keep fit by incorporating walking and cycling into their everyday lives, according to the National Institute for Health and Clinical Excellence (Nice).The report, Walking and cycling: local measures to promote walking and cycling as forms of travel or recreation, puts forward guidance to help the ...
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Article
News International has 1,000 bike scheme members
News International has signed up its 1,000th employee to its bikes-for-work scheme.Lars Gilry, a technical support engineer in the publisher’s printing division in Broxbourne, Hertfordshire, was awarded with a £100 gift voucher from Evans Cycles, the scheme’s provider.The Evans Cycles’ Ride2Work team visited Gilry’s workplace to present him with the ...
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Article
Fire authority to launch salary sacrifice car scheme
Mid and West Wales Fire and Rescue Service will launch a salary sacrifice car scheme as part of its flexible benefits plan.The scheme allows eligible employees to exchange a portion of their salary in return for a new car package. It is focused on low-emission and fuel-efficient cars.Mydrian Harries, head ...
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Article
Network Rail bike scheme sees high take-up
Network Rail has had 1,500 employees sign up for its bikes-for-work scheme since it was launched in August.This level of take-up equates to £1.1 million worth of bikes and accessories purchased through 396 independent cycle retailers, according to the scheme’s provider Cyclescheme.Ian Turner, rewards and benefits manager at Network Rail, ...
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Article
Incentives would encourage cycling to work
Almost half (48%) of respondents would cycle to work more often if there were extra incentives or rewards for them to do so, according to research by innovation foundation Nesta.The research, which surveyed more than 4,000 UK adults, found that, among employees who already cycle to work, the factors most ...
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Analysis
Take care with tax on bikes for work
Guidance produced by tax information provider Tolley, in partnership with Philip Rutherford, senior tax director for Molson Coors Brewing Company, says there is a general exemption from tax and reporting for the employer when providing bikes and associated safety equipment, but this only covers the use, loan or hire of ...
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Article
The Entertainer celebrates year of payroll giving
EXCLUSIVE: The Entertainer has spent the last three months celebrating the one-year anniversary of its payroll-giving scheme.The celebration campaign included a party at head office, at which charities gave presentations to staff, and a national cake-baking competition, at which winners received cash prizes to donate to their charity of choice.The ...
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Article
Businesscycle website launched
A website has been launched to provide employerss with a one-stop shop for information on all areas of cycling and to help them encourage employees to take up cycling.The Businesscycle website, which has been developed by the Cycle to Work Alliance, Transport for London (TFL), Business in the Community, British ...
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Case Studies
Santander fleet takes account of staff preferences
The Zenith-run scheme had 226 cars in January and this has now risen to 410, with a further 106 on order. The scheme runs alongside, but is separate from, a conventional company car scheme for high-mileage essential business users.When it comes to models, Santander offers a range of Volkswagen, Audi, ...
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Article
Southend Council doubles take-up
EXCLUSIVE: Southend-on-Sea Borough Council has doubled the take-up of its voluntary benefits scheme, since it switched providers and added employee discounts to the scheme in April 2012.The scheme previously offered access to childcare vouchers and a bikes for work via a salary sacrifice arrangement. In March 2012, it had 76 ...