All Tax-efficient benefits articles – Page 6
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Supplier articleTax-free rewards
It’s the employees that keep companies in business and when they’re well rewarded they work harder, smarter and stick around longer but can companies take advantage of tax-free rewards? The simple answer is yes, tax-free rewards are available. Not many companies realise that It’s easy to reward staff for their ...
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Case StudiesThe benefits offered by Police Scotland
The benefits offered by Police Scotland:PensionsThe Local Government Pension Scheme, a career average revalued earning (Care) scheme, is available for all staff; employee contributions vary dependent on salary and Police Scotland contributes around 19% of an employee’s salary.PayOvertime pay of time and a half, and double time for working on ...
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ArticlePure Planet commits to offset employees’ commuting carbon emissions
Renewable energy supplier Pure Planet has launched a new initiative to offset the carbon emissions created by its employees’ daily commutes.The Zero Commute policy, implemented in October 2019, aims to underline the organisation’s commitment to building a more sustainable and green environment. The programme also aligns with Pure Planet’s Zero ...
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Case StudiesThe benefits offered by The Grand Brighton
The benefits offered by The Grand Brighton:PensionsA master trust pension scheme for auto-enrolment purposes, provided by The People's Pension, which follows the minimum statutory contribution rates. There are currently 240 eligible employees within this scheme, because some staff work flexibly or are too young to be eligible.Managers and supervisors are ...
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Case StudiesThe Grand Brighton reinvigorated benefits package upon becoming independent
Luxury seafront hotel The Grand Brighton reinvigorated the benefits and reward package offered to its 300 employees, to align with new corporate values developed when it became an independent entity in January 2018.This change in status empowered its HR and benefits team to revamp its reward offering and set a ...
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AnalysisCan employee benefits be used to counter climate change?
Need to know:Increasing climate change awareness and the introduction of government targets are leading employers to review what can be done within their organisations.Some are changing the slant of their benefits schemes by promoting these differently to employees, highlighting the environmental impact more prominently.Incentives can be used to create day-to-day ...
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ArticleEXCLUSIVE: Seven in 10 respondents offer benefits through optional remuneration
EXCLUSIVE: Seven in 10 (70%) respondents in 2019 offer benefits through optional remuneration arrangements for all staff, according to research by Employee Benefits.The Benefits research 2019, which surveyed 290 respondents and was published in May 2019, also found that the proportion of organisations offering benefits through optional remuneration has only ...
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AnalysisWhat are the latest trends in voluntary benefits?
Need to know:As the war for talent increases, voluntary benefits can provide a cost-effective method of creating a package to attract and retain staff.Everyday savings, such as on groceries, tend to be universally popular, but some employers are bringing in discounts on bigger items such as cars and real estate.Employers ...
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Case StudiesPageGroup uses holistic platform to engage employees with voluntary benefits
Recruitment organisation PageGroup's flexible and voluntary benefits platform, MyBenefits, went live in November 2016, and is available to all 1,400 employees across its 26 UK sites.PageGroup provides a number of core benefits to employees, such as life insurance, group income protection and pension contributions; these can then be flexed and ...
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AnalysisSacrificing salary: Voluntary benefits in numbers
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ArticleSouth Central Service NHS Trust launches new cycle scheme for 3,300 employees
Ambulance organisation South Central Service NHS Foundation Trust (SCAS) has launched a new bikes-for-work scheme to boost the health and wellbeing of 3,300 employees serving the counties of Buckinghamshire, Oxfordshire, Berkshire and Hampshire.The new scheme, provided by Green Commute Initiative (GCI) and launched on 2 July 2019, is available to ...
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Case StudiesThe benefits offered by CGI UK
The benefits offered by CGI UK:Pensions, pay and group riskA contract-based group personal pension (GPP), defined contribution (DC) scheme is used for auto-enrolment when employees reach two months of service. Minimum contributions are 9%, with at least 3% contributed by employees and 6% provided by CGI UK. This increases depending ...
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ArticleEXCLUSIVE: Two-fifths have seen no impact following salary sacrifice changes
EXCLUSIVE: More than two-fifths (43%) have not see any impact from changes to salary sacrifice arrangements, according to research by Employee Benefits.The Benefits research 2019, which was published in May 2019 and canvassed the views of 290 HR professionals, found that the proportion of respondents that have not felt the ...
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Case StudiesThe benefits offered by Inspired Villages
The benefits offered by Inspired Villages:Pension, protection and payA defined contribution (DC) pension scheme is available for all staff through auto-enrolment; contributions are set at the statutory minimum of a monthly 5% from employees and 3% from the employer.Life insurance, at three times an employee’s base salary, is available on ...
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Case StudiesRoyal Mail delivers financial wellbeing focus to support employee health
Between March and April 2019, national postal and courier organisation Royal Mail introduced a focus on financial wellbeing to better support its 140,000 staff and mitigate the effects that financial difficulties could have on employees’ overall wellbeing.Ian Dockerill, employee share plans and benefits manager at Royal Mail, explains: “We were ...
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Case StudiesThe benefits offered by Royal Mail
The benefits offered by Royal Mail:Pensions, pay and group riskRoyal Mail's defined benefit (DB) pension scheme was closed to new members in March 2008 and new employees are provided with a defined contribution (DC) pension. The DB arrangement closed to future accrual in March 2018; members of this scheme have ...
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AnalysisAddressing increases to auto-enrolment contributions to maximise financial wellbeing
Need to know:As auto-enrolment minimum contributions increase in April 2019, some employees may opt out of their pension in order to address present financial concerns.A communications approach that puts the changes into monetary values, and considers finance holistically, can bolster employee understanding.Using a salary sacrifice pension arrangement can mitigate rising ...
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ArticleBritish Transport Police adds cycle scheme to benefits offering for 5,000 employees
The British Transport Police (BTP) has introduced a new cycle-to-work scheme for 5,000 employees.The new benefit, provided by Green Commute Initiative, was implemented in April 2019 to offer employees a greater choice of bikes; traditionally, cycle-to-work schemes allow employees to select a bike up to the value of £1,000, but ...
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ArticleLeicester City Council launches cycle scheme for 8,000 staff members
Leicester City Council has launched a new cycle-to-work scheme for its 8,000 employees in order to align with business goals around sustainability.The new benefit, provided by Green Commute Initiative, was implemented on 1 April 2019. It enables employees to purchase a bike or e-bike up to the value of £5,000 ...
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Case StudiesUK Power Networks clearly communicates salary sacrifice rules to employees
When it comes to salary sacrifice, electricity distribution organisation UK Power Networks has traditionally been risk averse from a tax perspective, according to Steve Remnant, head of reward and HR services. This means that the government’s moves to limit salary-based benefits have had limited day-to-day impact.“I think that, overall, employers ...