All Tax-efficient benefits articles – Page 22
-
Article
Rolls-Royce reintroduces bike scheme
Rolls-Royce has reintroduced a bikes-for-work scheme for its 20,000 UK employees.The car manufacturer had previously offered a scheme in 2009, but discontinued it because it felt it was difficult to administer and there were ongoing changes from HM Revenue and Customs (HMRC) on some aspects of the scheme.Miriam Valten-Agnew, head ...
-
Article
EXCLUSIVE: AYMTM introduces summer boot camp and relaunches bikes-for-work scheme
Motivation firm AYMTM has introduced a summer boot camp, a monthly social gathering, and re-launched its bikes-for-work scheme to reinforce its health and wellbeing commitment to staff.The bikes-for-work scheme, provided by P&MM Employee Benefits, has been in place for four years. The re-launch incorporates the option for staff to participate ...
-
Article
EXCLUSIVE: Overbury launches bikes for work to mitigate challenges of Olympic commute
Overbury has launched a bikes-for-work scheme to mitigate the challenges of commuting during the London 2012 Olympic and Paralympic Games.The office refurbishment firm has 170 staff based near Oxford Street in central London. Annabelle Jane, facilities manager at Overbury, said: “We started thinking about it because of the Olympics. It ...
-
Case Studies
McDonald's had own bike scheme
McDonald’s Restaurants ran a bikes programme in May and June 2007 in response to staff feedback. Its ‘On your bike’ scheme, which was not part of the government-sponsored bikes-for-work scheme, enabled staff to buy a range of bikes and accessories at discounts of up to 60%.The restaurant chain has 70,000 ...
-
Case Studies
Virgin staff offered bike choices
Virgin Media launched its first bikes-for-work scheme, Ride2Work, in November 2011 after a staff survey showed it was the most popular choice of possible new benefits.The telecoms firm gives staff a range of choices at the end of the scheme’s hire period. At the end of the 12-month contract, ownership ...
-
Analysis
Top 10 reasons to introduce a bikes-for-work scheme
If you read nothing else, read thisBikes-for-work schemes can have a number of advantages for employers and staff.Through such schemes, employers can loan bikes and accessories to staff with payment made via a salary sacrifice arrangement, which results in tax savings for the employee, and national insurance savings for the ...
-
Article
Evans Cycles to roll out summer promotion for bikes-for-work scheme
Evans Cycles is launching a summer promotion for employees participating in its bikes-for-work scheme, Ride2Work.The promotion, from 1 May to 31 August, will award every employee participating in the scheme £25-worth of free cycling accessories when purchasing their new bike.Employers offering the scheme will also be entered into a weekly ...
-
Article
Cyclescheme and British Cycling partner to promote bikes for work
Bikes-for-work scheme provider Cyclescheme and the national governing body for cycling, British Cycling, have partnered to promote cycling and its benefits, increase cycling knowledge, and encourage UK workers to cycle to work.The two organisations are also aiming to build on the popularity of cycling to support government targets to reduce ...
-
Article
Staff pick bikes-for-work for cost savings
More than 80% of respondents to Evans Cycles’ annual Ride2Work survey said joining a bikes-for-work scheme was very appealing in the current economic climate.The survey polled over 300 staff, who have used a bike scheme in the last six months.It found the main reasons for joining a scheme are: to ...
-
Article
Evans Cycles launches online bikes-for-work service
Evans Cycles has moved its bikes-for-work application process online.Employees that participate in the scheme through their employer will be able to go online to redeem their certificates, the tender by which employees collect their bike and accessories from Evans Cycles.The online process will be automatically available to all participants.Mark Brown, ...
-
Article
EXCLUSIVE: Virgin Media sees 270 staff take up bikes-for-work scheme
Virgin Media has seen 700 employees register their interest and 270 employees take up its bikes-for-work scheme since it was launched in November 2011.The benefit had been requested by staff through employee surveys, which showed that bikes for work were the most popular choice among potential new benefits.The Ride2Work scheme ...
-
Article
Babcock Integrated Technology sees 40% take-up of bikes for work
Babcock Integrated Technology has had a 40% take-up of its bikes-for-work scheme.The success of the scheme was celebrated on 3 February with provider Cyclescheme and Dawn Primarolo, MP for Bristol South, joining 500 employees the organisation’s Bristol site.Gary Cooper, director of Cyclescheme, said: “The comments from Babcock with regard to ...
-
Article
EXCLUSIVE: 3663 to open second enrolment window for bikes for work
Foodservice distributor 3663 is to open a second enrolment window for its bikes-for-work scheme on 1 March, in a bid to increase take up.The scheme, which was launched in October 2011 with an enrolment window in November, has seen a 2% take-up, with estimated employer national insurance (NI) savings of ...
-
Article
EXCLUSIVE: Gatwick Airport adds extra enrolment periods to promote bikes for work
Gatwick Airport has added extra enrolment periods to encourage staff to take up its bikes-for-work scheme.The scheme, which was launched in July 2011 with Evans Cycles, was opened again in October 2011, and will open in March for further enrolment.Evans Cycles’ representatives were on hand at the airport’s two canteens ...
-
Article
Saving money is top reason staff choose salary sacrifice arrangements
Cost saving is the main reason that employee drivers are attracted to salary sacrifice arrangements, according to research by fleet management firm Zenith.The research found that 41% of employees ranked the potential savings that could be made via salary sacrifice arrangements as their most appealing feature, while 11% chose the ...
-
Article
Evans Cycles launches online hire agreements for bikes for work
Evans Cycles has introduced a facility to enable participants in its bikes-for-work scheme, Ride2Work, to complete hire agreements online .The facility is aimed at reducing the administrative workload for employers, while speeding up the application process for staff joining a workplace salary sacrifice bikes-for-work scheme.Mark Brown, head of Ride2Work at ...
-
Analysis
Make the most of bikes-for-work schemes
If you read thing else, read this…Bikes-for-work plans have tax and national insurance efficiencies, but take-up can vary between 2% to 20%.Employers can make a scheme more appealing by introducing measures that make it easier to cycle to work, such as bike-parking facilities and onsite showers.Promoting it alongside wider initiatives, ...
-
Case Studies
Octopus reaches out for bikes for work take-up
?When Lisa Hamill joined marketing and PR company Octopus Group as HR director two years ago, she set out to revive the firm’s salary sacrifice bikes-for-work scheme.The company started promoting the scheme in March 2011 as the weather improved, using its intranet to explain how it worked and outline the ...
-
Analysis
Safety is priority with bikes for work
If you read nothing else, read this... Employers should ensure they use a reputable bikes-for-work provider. Promoting awareness of the importance of safety equipment and cycle safety should be part of the launch of a scheme. Unless an employee uses their bicycle for work purposes, it is unlikely a case ...
-
Article
Marshall Aerospace sees rise in bikes-for-work scheme take-up
Marshall Aerospace has seen the highest take-up of its bikes-for-work scheme since it was launched two years ago.Take-up rose by 63 employees in June, bringing the number of staff using the scheme to 275, around 17% of the aircraft manufacturer’s 1,600-strong workforce.The scheme, provided by Halfords, enables employees to pay ...