Salary Sacrifice Related Articles from the Maxxia Blog

6 Great Employee Perks that Boost Productivity
6 Great Employee Perks that Boost Productivity

6 Great Employee Perks that Boost Productivity

It’s no secret that having happy employees makes for a more productive company – and having happy employees is simple right? As organisations battle to secure the best talent, broadening the employee benefits package remains a focus for employers. And, often, it’s the little things that can make the biggest difference.

While you might not be in the position of investing into your employees as much as international corporations such as Amazon or Google with their […]

Catherine Dawson2021-01-22T09:12:38+00:00June 28th, 2019|Categories: Employee Car Ownership, IT Leasing, Salary Sacrifice|

Driving an Electric Car – is it Time to Make the Change?
Driving an Electric Car – is it Time to Make the Change?

Driving an Electric Car – is it Time to Make the Change?

Charging Your Car at Work – Electric Cars for the Commute

If your driving experience is centred on the commute to work, that daily grind can be much improved by an electric car. Not only does having an electric vehicle (EV) mean that you are likely to be sitting in a brand-new car with all the comfort that comes with, but also you are sitting there safe in the […]

Catherine Dawson2021-01-21T20:12:06+00:00March 20th, 2019|Categories: Cars, Contract hire, Salary Sacrifice, Vehicle Finance|

Electric Vehicles: Why They Should be Your Next Employee Benefit
Electric Vehicles: Why They Should be Your Next Employee Benefit

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 saving them money on a new car.

What are electric vehicles?

The main […]

Catherine Dawson2020-04-19T07:51:02+00:00February 12th, 2019|Categories: Cars, Employee Car Ownership, Salary Sacrifice|

New Workers’ Rights and a Consultation on Salary Sacrifice Announced
New Workers’ Rights and a Consultation on Salary Sacrifice Announced

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 outlines its plans for the future of the UK labour market.

The new rules, […]

Catherine Dawson2020-04-19T07:48:04+00:00January 9th, 2019|Categories: Salary Sacrifice|

ECO Schemes To Make A Comeback
ECO Schemes To Make A Comeback

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 rise […]

Catherine Dawson2020-04-19T07:46:53+00:00October 25th, 2018|Categories: Cars, Employee Car Ownership, Salary Sacrifice, Vehicle Finance|

Advantages and Disadvantages of Employee Benefit Schemes
Advantages and Disadvantages of Employee Benefit Schemes

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 for an employee to stay with the same company […]

Catherine Dawson2021-01-21T18:08:51+00:00September 24th, 2018|Categories: Cars, Employee Car Ownership, Salary Sacrifice, Vehicle Finance|

Explained: The Benefits of Salary Sacrifice Car Schemes for Individuals
Explained: The Benefits of Salary Sacrifice Car Schemes for Individuals

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 of a brand new car in return for surrendering a set amount […]

Catherine Dawson2021-01-21T18:05:02+00:00October 10th, 2017|Categories: Salary Sacrifice|

HMRC Updates its Guidance for Salary Sacrifice Schemes
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 […]

Catherine Dawson2020-04-19T08:04:21+00:00October 8th, 2017|Categories: Asset Finance, Salary Sacrifice|

Press release | Employee car schemes
Press release | Employee car schemes

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 cost implications of […]

Catherine Dawson2020-04-19T08:00:48+00:00April 15th, 2017|Categories: Fleet management, Salary Sacrifice|