All Tax-efficient benefits articles – Page 22
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...