Electric Vehicles as Part of the Employee Benefit Package

Electric Vehicles: Why They Should be Your Next Employee Benefit Thinking about your next employee benefit? If you’re looking to retain talent, enhance your brand, and help the environment, electric vehicles (EVs) could be the answer. The UK plans to ban the manufacture of all new petrol or diesel cars by 2040, making EVs the future of transport. Under new salary sacrifice rules, you can help prepare your employees for these changes while [...]

Employment Rights Update

New Workers’ Rights and a Consultation on Salary Sacrifice Announced With the news dominated by Brexit, two important Government announcements on the rights of workers have gone somewhat under the radar. Workplace Rights The first of these announcements relates to new workplace legislation, intended to provide greater clarity for both employers and employees regarding their rights and obligations. The changes are part of a wider Government initiative labelled the ‘Good Work Plan’, which [...]

ECO Schemes To Make A Comeback

Employee Car Ownership (ECO) Schemes Could Be About To Make A Comeback But are they right for you? Changes to the rules affecting salary sacrifice car schemes and a seemingly endless tide of rises in Benefit-in-Kind taxes for company car drivers have prompted some industry experts to suggest that Employee Car Ownership (ECO) schemes may be about to make a resurgence. While some pundits have suggested that the latest Government interventions have made a [...]

Why Offer Employee Benefits?

Advantages And Disadvantages Of Employee Benefit Schemes At one time, people left education, got a job and worked their way up through that company until they reached the level they wanted. It wasn’t unusual for employees to spend their entire working lives with the same employer. This often with minimal, or maybe no specific employee benefits to speak of. Believe it or not, that wasn’t so very long ago. Now, it is extremely rare [...]

Company Car Schemes– Keep or Discard?

Thinking Of Ending Your Company Car Scheme? Announcements in the 2017 Government Autumn budget of tax increases on company vehicles have prompted many businesses to consider giving their employees cash allowances in place of running company car schemes. On the face of it, this would seem to be a cost-effective solution for the company, but comes with often-overlooked ramifications which impact on employees and company alike. Some of these consequences appear to be relatively [...]

Benefits of Salary Sacrifice Car Schemes

Explained: The Benefits of Salary Sacrifice Car Schemes for Individuals We help you decide whether a salary sacrifice car is right for you   Q. My company has introduced a salary sacrifice car scheme for employees but I’m unsure how it works. Can you help? A. Salary sacrifice car schemes have been one of the success stories of recent times, and increasing numbers of companies throughout the UK now offer their employees the benefit [...]

By |October 10th, 2017|Categories: Salary Sacrifice|0 Comments

HMRC Updates its Guidance for Salary Sacrifice Schemes

HMRC Updates its Guidance for Salary Sacrifice Schemes Her Majesty’s Revenue & Customs (HMRC) has updated its guidance on the government website regarding the introduction of salary sacrifice schemes, following the changes which came into effect in April this year. The government announced in last November’s Autumn Statement that it was changing the rules covering salary sacrifice schemes, which have become increasingly popular in recent years. Why were there changes to salary sacrifice schemes? [...]

WESC Foundation Launches Lifestyle Lease

WESC Foundation choses Maxxia’s Enhanced Lifestyle Lease Employee Benefit Car Scheme The WESC Foundation has selected Maxxia’s Lifestyle Lease car scheme to broaden the number of employee benefits available to its staff The Foundation employs more than 200 people and provides a range of services for visually impaired adults and young people, including: education, outreach services, adult day services, work experience at a range of social enterprise initiatives, and lots more. Lifestyle Lease offers [...]

Press release | Employee car schemes

Employee car schemes at a crossroads, says new survey Some 70% of respondents would opt out if tax levels rise still further Tax and cost more important than the environment 78% less likely to choose a low emission vehicle if incentives removed   While employees still view employer-provided car schemes as a benefit, growing numbers would consider opting out of such schemes if car tax increases still further. At the same time, tax and [...]

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