Money Talk
AUGUST 18, 2022
employee benefits generally equal 25% to 50% of a worker’s gross pay. Think discounts at retail stores and car dealers, free travel for airline employees, free or reduced tuition for college and university employees, stock or stock options for corporate employees, and free or reduced-cost company swag.
Employee Benefits
FEBRUARY 28, 2022
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. Donations are tax-effective because they are taken from gross pay, which means the charity get more of employees’ donations and it costs the donor less.
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Employee Benefits
FEBRUARY 28, 2024
Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability. Eligible employees can participate by sacrificing a portion of their gross pay and will be able to save up to 40% on monthly costs.
Employee Benefits
MARCH 15, 2024
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.
Employee Benefits
OCTOBER 12, 2023
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.
Sodexo Engage
NOVEMBER 19, 2024
With a salary sacrifice scheme, employers take the monthly repayment amount from an employee’s salary at the Gross level. Reducing the Gross pay amount lowers the tax and NIC contributions the employee and employer must make. Employee Discounts make everyday living more affordable, offering up to 20% off with over 100 retailers.
Employee Benefits
NOVEMBER 30, 2023
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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