All Tax-efficient benefits articles – Page 20
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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 ...
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Article
SMD launches salary sacrifice cars
Soil Machine Dynamics (SMD) has introduced a company car scheme via a salary sacrifice arrangement, as part of its flexible benefits package.The scheme, provided by ALD Automotive, is open to all permanent staff who have worked at the subsea robotic manufacturer for more than six months.Eligible employees can exchange part ...
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Article
NHS trust launches salary sacrifice car plan
Warrington and Halton Hospitals NHS Foundation Trust has added a salary sacrifice car scheme to its flexible benefits package.The scheme, which is available to all 3,900 permanent employees, provides staff with the opportunity to access to a range of additional features, including motor insurance, maintenance, servicing, replacement tyres and European ...
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Article
Newcastle Hospitals replaces car plan
The Newcastle upon Tyne Hospitals NHS Foundation Trust has launched a salary sacrifice car scheme for its 14,000 permanent employees to replace its existing scheme.When the agreement with its previous supplier ended, the trust ran a selection process with three different suppliers, and chose contract hire organisation Tusker.David Malone, green ...
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Article
Warburtons relaunches bikes-for-work scheme
Bakery brand Warburtons has opened the third election window for its bikes-for-work scheme.The scheme, provided by Evans Cycles, was first launched in September 2011, when 185 staff signed up. A further 100 employees took up the benefit during the second election window in April 2012.A team from Evans Cycles visited ...