All Tax-efficient benefits articles – Page 20
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Article
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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Article
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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Article
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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Article
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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Article
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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Article
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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Article
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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Article
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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Article
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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Article
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 ...
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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 ...