All Tax-efficient benefits articles – Page 2
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OpinionNick Bustin: What are the benefits of pension salary sacrifice schemes?
Pension salary sacrifice schemes are not a new concept, but one that all employers should consider, especially at a time where the tax burden on both employers and employees is high. These schemes, which see employees sacrifice some of their monthly salary in return for increased employer pension contributions, are ...
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ArticleFitFlop introduces salary sacrifice nursery scheme
Credit: Ritu Manoj Jethani/ShutterstockFootwear brand FitFlop has introduced a salary sacrifice nursery scheme for its 165 UK employees in order to help them save money on childcare fees.The scheme, which is offered in partnership with WorkPlace Nursery, will enable employees to pay for nursery fees through a deduction from their ...
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ArticleThe top 10 most-read articles between 23 - 29 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 23 - 29 February 2024 were: Marks and Spencer enhances pay and family leave policiesExclusive: Central Co-op introduces electric vehicle salary sacrifice schemeLondon Underground staff accept improved pay offerNew Look implements HR and payroll processes platform75% of Gen Z staff advocate for ...
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ArticleExclusive: Central Co-op introduces electric vehicle salary sacrifice scheme
Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability.Through the scheme, which is provided by Octopus Electric Vehicles, Central Co-op's company car drivers and car allowance recipients can select a brand-new electric car with no upfront costs. The scheme also ...
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Supplier articleIndividuals should act fast to make the most of their ISA allowance
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance.Jonathan Watts-Lay, Director, WEALTH at work, comments;“In the current environment, it has become difficult for a lot of people to save as much as they would like, ...
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ArticleDexters introduces bikes-for-work scheme
Credit: Petra Figueroa / Shutterstock.comLondon-based estate agents Dexters has launched a bikes-for-work scheme for its 2,000 employees.Through the scheme, which is provided by micromobility platform Forest, Dexters' employees will be able to take out a monthly e-bike subscription for £29. This works out as approximately £1 per day if they ...
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AnalysisBuyer’s guide to corporate gym membership
What are corporate gym memberships?Employers can offer a corporate gym membership on an employee-paid or discounted basis, with many gyms offering membership deals to organisations. Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package.What ...
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ArticleLearnd launches electric vehicle salary sacrifice scheme
Learnd has introduced an electric vehicle (EV) salary sacrifice scheme for 200 eligible employees.The scheme, which is provided by fleet management firm Gofor, was rolled out to employees via a webinar. Learnd staff can view a wide choice of EV options to cater for a range of budgets, including the ...
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ArticleBuyer's guide to home technology schemes
What are home technology schemes? A home technology scheme allows employees to purchase a new piece of technology and spread the cost through monthly payments. Employees are able to purchase things like smartphones, tablets, televisions, smart watches and fitness trackers, as well as large and small domestic ...
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Supplier articleThe UK Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Autumn Statement 2023 on 22 November.
Importance of understanding the implications for businesses and individuals Being informed about the UK budget helps people make informed financial decisions, adapt to changes in the economy, and proactively manage both personal finances in response to government policies and priorities. Overview of theme of the budget: avoid ...
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ArticleThe top 10 most-read articles between 20 - 26 October 2023
The top 10 most-read articles on employeebenefits.co.uk between 20 - 26 October 2023 were: KPMG implements pay freeze for some employeesLiving wage rates rise to at least £12 an hour59% of British workers feel unhappy with their benefits packagesCottesmore School appoints AI principal headteacherSixth form college staff accept pay riseExclusive: ...
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ArticleTriton Construction implements EV salary sacrifice scheme
West Yorkshire-based building contractor Triton Construction has implemented an electric vehicle (EV) salary sacrifice scheme for its 70 employees.Through a partnership with Carmyke Leasing, an appointed representative of Fleet Alliance, Triton employees will be able to choose a brand new EV with low benefit-in-kind rates, zero emissions, all service, maintenance ...
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ArticleThe top 10 most-read articles between 13 - 19 October 2023
The top 10 most-read articles on employeebenefits.co.uk between 13 - 19 October 2023 were: Tribunal rules Starling Bank must pay £1.1m following health-related dismissalGo North East bus workers continue strike over pay rowThe Co-Operative Bank introduces free period products for staffEmployee Benefits Live 2023 speaker slidesExclusive: Vertas Group introduces staff ...
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ArticleXtrac launches electric vehicle salary sacrifice scheme
Credit: Just Jus / Shutterstock.comXtrac, a supplier of high-performance transmissions for motorsport and high-performance automotive applications, has expanded its range of employee benefits by introducing an electric vehicle salary sacrifice scheme.The Thatcham head-quartered business decided to implement the scheme to encourage its more than 440 permanent part- and full-time UK ...
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ArticlePitchup launches bikes-for-work scheme for staff
Pitchup, an online booking site for UK and Europe outdoor holidays, has introduced a tax-free bikes-for-work scheme for its employees.Provided by Gogeta, the new cycling platform will allow Pitchup’s more than 50 employees to apply for and buy bicycles such as road bikes, cargo and e-bikes, as well as cycling ...
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ArticleThe top 10 most-read articles between 29 September - 5 October 2023
The top 10 most-read articles on employeebenefits.co.uk between 29 September - 5 October 2023 were: Aon enhances menopause and fertility employee benefitsExclusive: Marks and Spencer introduces free staff physiotherapyNational living wage to rise to at least £11 per hour in 2024Employee Benefits Live welcomes delegates to ExCeL LondonStandard Chartered launches ...
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ArticleStandard Chartered launches electric and hybrid vehicle salary sacrifice scheme
Credit: MOZCO Mateusz Szymanski / Shutterstock.comBanking organisation Standard Chartered has introduced an electric and plug-in hybrid vehicle salary sacrifice scheme for all of its UK-based employees.Delivered in partnership with Tusker, the scheme provides the bank’s more than 2,500 members of staff with access to plug-in hybrid and electric vehicles that ...
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ArticleBuyer's guide to bikes-for-work schemes
What are bikes-for-work schemes?Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles.The schemes are usually offered via a salary sacrifice arrangement. It was introduced in the 1999 Finance Act to encourage employers to loan bicycles and cycling safety equipment ...
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Supplier articlePotential big gains ahead for ‘Save As You Earn’ share plan savers
Potential big gains ahead for ‘Save As You Earn’ share plan savers- How employees can reduce investment risk and avoid unnecessary taxMany Save As You Earn (SAYE) share plans are due to mature in the coming months and years, with some employees likely to have doubled, or even tripled the ...
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ArticleBeverley Hamblet-Bowes: How do you encourage employees to use green commuting options?
Sustainability is important for us at Nominet; we are committed to reducing the negative impact our business activities may have on the environment and lowering our carbon emissions through our carbon reduction plan to support our net-zero 2050 goal.As part of this, we provide a variety of options for green ...