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FitFlop introduces salary sacrifice nursery scheme

Employee Benefits

Credit: Ritu Manoj Jethani/Shutterstock Footwear brand FitFlop has introduced a salary sacrifice nursery scheme for its 165 UK employees in order to help them save money on childcare fees. The post FitFlop introduces salary sacrifice nursery scheme appeared first on Employee Benefits.

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Buyer’s guide to car salary sacrifice schemes

Employee Benefits

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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Affordable ways to get employees on their bikes

Employee Benefits

Bikes don’t require road tax or petrol, making the daily or weekly commute much more affordable, thus reducing financial anxiety. As a government-backed salary sacrifice scheme, employers and employees save money on National Insurance Contributions and taxes.

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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.

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SmartPay… the cost-neutral employee benefit you need in 2024

Employee Benefits

That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. Why are so many businesses considering offering salary-stretching employee benefits over pay increases? Salary deduct = any benefit paid from your salary at a net level (after tax and NIC calculations).

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Buyer’s guide to home technology schemes

Employee Benefits

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Employees opt for a voucher for the value of their choice, up to a maximum amount set by the employer, and they receive the voucher to redeem at Currys on whatever tech they like available at the retailer.

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Pitchup launches bikes-for-work scheme for staff

Employee Benefits

Pitchup, an online booking site for UK and Europe outdoor holidays, has introduced a tax-free bikes-for-work scheme for its employees. The scheme allows staff to apply for a flexi-voucher which can be used to buy a bike or cycling equipment from different retailers over the course of a year, without having to purchase everything at once.