All Tax-efficient benefits articles – Page 4
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ArticleUnum UK introduces electric vehicle salary sacrifice scheme
Employee benefits provider Unum UK has launched an electric vehicle (EV) salary sacrifice scheme for its 800-plus permanent employees, to coincide with Earth Day (22 April).The initiative, backed by the Octopus Electric Dreams Car Scheme, allows staff to choose from a wide range of EV models with no up-front payment ...
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AnalysisHow financial education can help employees make their money go further
Employers may want to consider giving employees practical help that includes debt management, budgeting and top tips for saving on everyday spending.Educating employees with basic skills like budgeting and saving for a deposit for a first home can also provide help in other areas of life.Other benefits like discounted shopping ...
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ArticleStantec UK launches electric vehicle salary sacrifice scheme
Stantec UK, an international services provider to the design and consulting industry, has introduced a flexible salary sacrifice scheme to encourage employees to use electric and hybrid vehicles.The business, which has 20 offices in the UK and is a part of a global consultancy with 350 locations and 22,000 employees ...
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Article29% of employers say rise in NI contributions will impact staff pay
More than a quarter of employers (29%) feel that next month’s increase in National Insurance (NI) contributions will have a direct impact on employees’ pay, according to research from Scottish Widows.Conducted by Opinium on behalf of the insurer with a sample size of 500 UK firms, the survey findings revealed ...
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Case StudiesK2 drives sustainability through electric vehicle scheme
With sustainability a key focus for employee relocation firm K2 Corporate Mobility, electric vehicles were an obvious area to explore when the business sought to add to its benefits package.Andrew Hayward, chief financial officer, who oversaw the project, says: “We wanted to do something that would support our employees financially ...
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OpinionProfessor Peter Wells: There’s never been a better time for employers to go electric
There has never been a better time for employers to encourage electric car ownership, or for employees to appreciate the benefits.There are major savings to be had for individuals, including with the plug-in car grant, benefit in kind, and salary sacrifice schemes, while several car manufacturers are offering to help ...
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AnalysisHow to make the case for electric company car schemes
Need to know: Businesses are under pressure to cut carbon emissions, and employee vehicles are an obvious target. Salary sacrifice schemes mean this can save companies money, and make electric vehicles affordable for staff. Subscription models mean firms are no longer tied into long leases should ...
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ArticleDF Capital introduces electric car salary sacrifice scheme
DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees.The lending and personal savings bank said the initiative, run in partnership with Octopus Electric Vehicles, will make driving a new electric car more affordable for employees. Payments are made directly from gross salaries, creating savings on ...
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ArticleRomulus offers staff free e-bike travel
Property business Romulus has formed a partnership with green micro-mobility firm HumanForest to provide its employees with e-bikes.The agreement began yesterday (24 January) with an initial trial period of three months that will allow all the London firm's 55 employees, occupiers and co-working members 20 minutes of free riding every ...
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ArticleConfessions of a benefits manager: Candid hires a contractor
I’m beginning to think that Big Bad Boss is finally softening up a bit; he has approved getting another pair of hands to help with the annual compensation processes.This year is a bit different; we have changed the calendar so that pay planning and bonus planning will be done at ...
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ArticleAviva launches electric vehicle salary sacrifice scheme
Insurance giant Aviva has introduced an electric vehicle salary sacrifice scheme for its 16,000 UK employees.Under the initiative, workers can give up part of their pre-tax income in return for the opportunity to drive a fully electric vehicle such as a Nissan Leaf or Mini Electric for a two or ...
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ArticleSteve Moore: What do employees value more than a Christmas turkey?
At Hymans Robertson, we are very aware of how long a year it has been and how hard everyone has worked during the past 18 months of the Covid-19 (Coronavirus) pandemic. As part of our wellbeing offering for Christmas 2021, everyone has been gifted both Christmas Eve and New Year’s ...
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ArticleCentrica introduces electric car salary sacrifice scheme
Energy services business Centrica has launched a fully electric salary sacrifice company car lease scheme for its more than 25,000 employees.The company, which has nearly 700 Vauxhall Vivaro-e British Gas vans for engineers and 3,000 set to be delivered by the end of 2022, is operating the provision through salary ...
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ArticleTrain delays: time to reassess staff travel benefits?
Something for the weekend: Have you even been standing on a train station platform looking in despair at the departures board that shows yet another late service, wondering why this has happened to you yet again? Rest assured that you are not the only one, particularly if you live or ...
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Article43% of employers plan to offer more eco-friendly cars
New data has found that four in 10 (43%) UK companies said introducing more environmentally friendly vehicles is top of their list of car benefit changes in the next 12 months, up from 33% in 2020.Willis Towers Watson’s 2021 Car benefits survey report, which questioned 620 UK organisations, highlighted that ...
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ArticleKavitha’s keynote: Financial struggles continue despite NMW rise
The Budget 2021 announcement on Wednesday (27 October) confirmed an increase to the national minimum wage (NMW), which has been welcomed by many employees who have been facing financial struggles during the Covid-19 (Coronavirus) pandemic.Indeed, with the NMW rate rising from £8.91 to £9.50 next April, many low-paid workers are ...
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OpinionMark Ormston: Key considerations to introducing a salary sacrifice pension scheme
When introducing a salary sacrifice pension scheme, early engagement with payroll is key, as it is vital to involve them as soon as possible in the discussions. An employer may discover the systems or software currently being used have certain limitations or missing functionality to meet desired requirements.Employers should consider ...
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AnalysisTop tips for introducing salary sacrifice pension schemes
A salary sacrifice pension arrangement should not be agreed if the effect of this, such as a reduction in the employee’s pay, would lead to a breach of the national minimum wage legislation. A simple step, such as giving employees full transparency on which businesses the ...
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AnalysisHow do staff travel schemes vary around the world?
The low benefit-in-kind of just 1%, which will be capped at no more than 2% until 2025, means zero-emissions cars on a salary sacrifice scheme can be a truly affordable way of driving.Most employers have restricted travel into the office and discouraged people from travelling on public transport, but there ...
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OpinionPaul Hollick: The future of staff travel schemes
Prior to the Covid-19 (Coronavirus) pandemic, mobility was beginning to gain pace as a form of business travel. This took the form of staff travel schemes based around a mobility allowance offering a wide range of options that were not just trains and other forms of public transport, but car ...