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Allianz introduces electric car salary sacrifice scheme

Employee Benefits

Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees. They can choose between electric and plug-in hybrid cars, while the cost of the lease is calculated monthly and deducted from their gross salary through payroll.

Salary 59
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Benefits on offer at Egress

Employee Benefits

The benefits on offer at Egress: Pensions Defined contribution pension scheme, with 5% employee contributions and 4% employer contributions. Group risk Life assurance at four-times salary. Employees have the option to add cover for a partner or dependents through salary deductions. Discounted gym membership.

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Tips to help employees take control of their finances in 2024

Employee Benefits

The Bank of England has also recently reported that nearly 5 million UK households are facing an average £2,900 increase in their annual mortgage payments. People should work out what exactly their income is each month and then check their bank statements to clarify what outgoings they have. million compared to the 7.8

Finance 104
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The A-Z of payroll outsourcing UK

cipHR

The definitive A-Z of payroll outsourcing in the UK A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | A: Auto-enrolment The process through which qualifying employees are automatically entered into workplace pension schemes.

Payroll 52
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Legal Obligations and Beyond: An Employer’s Guide to UK Benefits

Employee Benefits

These include: Holiday pay Statutory sick pay Auto enrolment pension Paid leave for maternity, paternity, and adoption Let’s dive deeper into these requirements. Including public or bank holidays in this count is at the discretion of the employer. Auto enrolment pension Businesses in the UK must offer an auto enrolment pension.

Pension 52
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Pitchup launches bikes-for-work scheme for staff

Employee Benefits

Bikes-for-work schemes are tax-exempt arrangements, usually offered via a salary sacrifice scheme that will deducts payments from an employee’s gross pay.

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Harness the power of financially resilient employees

Employee Benefits

million lost working hours (Money & Pensions Service). Our Financial Wellbeing App links budgeting tools to your employees’ bank accounts to track their spending, allowing them to change their habits and set money aside. Still, education only goes so far, and your employees’ monthly salary has a limit.

Education 105