Bonuses Life Insurance Take Home Pay 
Employee Benefits
JANUARY 25, 2023
Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage. Combined business travel/personal accident/sickness insurance policy, employer paid for all employees. Life insurance for all employees with a death-in-service benefit of four-times salary.
cipHR
NOVEMBER 15, 2021
This means people can earn £12,500 tax-free, and only start paying tax on income over that amount. However, if they have any other form of income, get benefits-in-kind from their employer (health insurance, life insurance or a company vehicle etc) or claim tax relief for any other reason, it will affect this tax code.
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