Employee Benefits

JULY 3, 2023

Share incentive plans (Sips) were introduced in the UK in 2000 as a type of employee share scheme aimed at helping employees, who can purchase shares or be awarded free shares in the company, to save in a tax-efficient way. Free shares must be withdrawn from the Sip once the employee leaves the company.

Gross Pay 105

Gross Pay Taxes Government Salary 105

Employee Benefits

FEBRUARY 28, 2022

The Edelman Trust Barometer, published in January 2022, found that businesses and non-governmental organisations (NGOs) are seen as competent and effective drivers of change. The offer of payroll giving facilitates regular employee donations to charitable causes they feel passionately about. appeared first on Employee Benefits.

Gross Pay 122

Gross Pay Retail Payroll Government 122

Employee Benefits

SEPTEMBER 6, 2023

Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. Are there any potential tax or legal issues ? Government guidelines suggest that at least half of the bike’s usage must be for an employee’s commute to work.

Gross Pay 59

Gross Pay Net Pay Taxes Deductions 59

Employee Benefits

NOVEMBER 30, 2023

Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung. The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Are there any tax or legal issues? Employers can set a maximum limit for the retail voucher.

Technology 59

Technology Net Pay Gross Pay Taxes 59