Here is additional information about just a few:

Cycle to Work Schemes

Popular during the pandemic (with employees being less keen to travel on public transport), these schemes provide a cost-effective way of hiring a cycle, and/or accessories such as safety equipment -to be used for active travel. Tax efficient, they operate through salary sacrifice which is why an employee agrees to give up part of their pre-tax salary in exchange for the benefit. Both employer and employee benefit from National Insurance savings, and the employee can become fitter and healthier. Typically, the employee will have the option to purchase the cycle at the end of the higher period. We work with all the main scheme providers and can assist with set up.

Cars

Salary sacrifice car schemes can be used by employers as a great incentive to attract and retain employees. They are an attractive proposition for employees because they can pay for their vehicle from pre-taxed earnings. This not only reduces their tax liability, but also achieves a National Insurance saving for employer and employee alike. Typically, the schemes will also allow the employee to achieve a cost saving on the book price of the car. This makes the scheme an attractive employee benefit. Schemes are available for green cars (electric and hybrid) which will appeal to anyone who cares about the environment.

Technology schemes

If employees want to buy the latest technology e.g., laptops, smart phones, TV's, tablets, fitness watches etc., a technology scheme lets them access the latest tech through their employer. They are then able to spread the cost with up to 12 payments deducted from salary across 12 months, as well as making a National Insurance saving too. They own the products from the outset, and there is no end of hire fee.