Remove Gross Pay Remove Payroll Remove Retail
article thumbnail

Salary Sacrifice

Sodexo Engage

As it says on the tin, when you join a salary sacrifice scheme, you allow your employees to sacrifice part of their monthly salary to pay for a product or service, commonly via a Cycle to Work, Electric Car, Refurbished Tech, or Annual Leave Purchase Scheme. That’s before Payroll processes the tax and NIC calculations.

Salary 52
article thumbnail

Philippa Cornish: How can reward and CSR strategies contribute to the levelling-up agenda?

Employee Benefits

At CAF, for example, we support major retailers in establishing community investment and engagement programmes, including distributing the funds generated by the plastic bag levy. The offer of payroll giving facilitates regular employee donations to charitable causes they feel passionately about.

Gross Pay 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FitFlop introduces salary sacrifice nursery scheme

Employee Benefits

The scheme, which is offered in partnership with WorkPlace Nursery, will enable employees to pay for nursery fees through a deduction from their gross pay, which will save on tax and national insurance contributions (NICs). The post FitFlop introduces salary sacrifice nursery scheme appeared first on Employee Benefits.

Salary 59
article thumbnail

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.