All Tax-efficient benefits articles – Page 21
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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 ...
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Article
Stagecoach staff take advantage of bikes scheme
Stagecoach Group employees have benefited from £1-million worth of new bikes as part of the organisation’s bikes-for-work scheme.The bus and coach organisation has also improved the facilities at its bus depots for staff who cycle to work by introducing better bike racks, lockers and showers.Employees can choose from 140 bikes ...
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Article
Evans Cycles adds benefits to bikes-for-work schemes
Evans Cycles has added two new benefits to its bikes-for-work scheme.Users will now receive up to £50 worth of cycling accessories when purchasing a new bike through the scheme, as well as a half-price discount on bike servicing for a year.Mark Brown, head of Ride2Work at Evans Cycles, said: “We ...
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Article
Nationwide expands flexible benefits scheme
EXCLUSIVE: Nationwide will add membership in the Royal Horticultural Society (RHS) and expand its range of shopping vouchers, rechargeable cards and NCP car parking locations when it opens the enrolment window for its 2013 flexible benefits scheme.The flex enrolment window for 2013 opens on 5 October and closes 16 November. ...
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Article
Buyer's guide to bikes-for-work schemes 2012
Focus on factsWhat are bikes-for-work schemes?These are tax-free loans to employees that can be operated through salary sacrifice arrangements. Employers buy a bike and safety equipment for the employee and deduct the cost from their gross pay in equal instalments. This arrangement results in tax savings for the employee and ...
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Article
ACF Car Finance wins payroll-giving award
Car dealer ACF Car Finance has been awarded a platinum award by the Institute of Fundraising for its commitment to payroll giving.The platinum-level award, which was introduced in 2012 to mark the 25th anniversary of payroll giving, is held by 30 UK organisations.It celebrates employers that encourage staff to make ...