The shift towards electric vehicles (EVs) is accelerating amid Government regulations, environmental concerns, and NIC increases. A green car salary sacrifice scheme or EV company car scheme can deliver thousands of pounds in National Insurance savings annually, helping businesses reduce their outgoings and free up cash to reinvest in sustainable growth. With Benefit in Kind (BiK) rates for EV car schemes still significantly lower than petrol and diesel cars, now is the perfect time for companies to adopt or expand their salary sacrifice offering. Read on to discover everything you need to know about EV salary sacrifice schemes.
The Autumn Budget and recent changes to the Employee Rights Bill 2024 reflect the changing landscape, putting more power in the hands of the employee. Many UK employers are concerned by the announcement of the minimum wage and NIC increases. It’s more critical than ever to explore ways to make employer savings. During this blog, we’ll explain why salary sacrifice schemes should be at the heart of your post-budget savings strategy.
We're thrilled to announce our partnership with Mobile Advantage, a pioneer in sustainable tech solutions, to offer you and your employees our Refurbished Tech scheme. Looking after your pocket and the planet! Our Refurbished Tech scheme is an employee benefit that makes it more affordable for your employees to buy the tech they need for themselves and their families. They can trade tech hiding in a drawer at home against quality refurbished tech, sell old tech for cash, and more, reducing their carbon footprint… and yours! Discover what our Refurbished Tech scheme can do for your people and business.
What is salary sacrifice, and how does it save employers and employees money? Salary sacrifice, salary deduction, NET, Gross… the terms can confuse HR and employees alike. There’s a notable difference between the two, and which is available can depend on what product or service the scheme involves. During this blog, we’ll answer your most asked questions about salary sacrifice and how it’s the cost-neutral solution that benefits employers and employees.
Employee retention remains a business priority as we step into a new year. Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. Budgets are tight, and HR managers are trying to do more with less. That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. Read on to discover why.
The government and environmental groups are calling for the world to adopt cleaner methods of transportation. Most of us hear the call and understand the importance, but the reality is that we need our cars to get around and do our jobs. Investing in an electric vehicle is the obvious solution, but this is an expense many can’t afford.
Or can they…?
During this blog, we’ll explore two ways you can make cleaner and greener commuting more affordable for your people and save money for your business, too!
Employee benefits are an investment in your people. To be sustainable in the long term, they need to be cost-effective for your business. Read on to explore how to create an employee benefits offering that provides the best support for your people and the best value for money.
