Employee Benefits

JANUARY 3, 2024

“Stretching net pay, for example, by offering season ticket loans, or maximising opportunities to save money through salary sacrifice [arrangements], will be of significant value to employees,” says Last. The post What will employee motivation look like in 2024? appeared first on Employee Benefits.

Net Pay 119

Net Pay Salary Finance Recruitment 119

Employee Benefits

NOVEMBER 30, 2023

Employees are able to purchase things like smartphones, tables, televisions, smart watches and fitness trackers, as well as large and small domestic appliances. Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung. What are the cost implications? Are there any tax or legal issues?

Technology 59

Technology Net Pay Gross Pay Taxes 59

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. The schemes are usually offered via a salary sacrifice arrangement. of the salary employees sacrifice owing to the consequent reduction in their NI contributions.

Gross Pay 59

Gross Pay Net Pay Taxes Deductions 59

Employee Benefits

FEBRUARY 15, 2023

This included bonuses in January 2023 which were weighted towards the lower paid. Mitie also enlisted Salary Finance to provide staff with flexible access to their pay, meaning that when unexpected expenses or high bills hit, they are able to draw down without resorting to high interest loans, or missing payments.

Net Pay 105

Net Pay Benefits Package Bonuses Salary 105