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Discount schemes Salary sacrifice – tax saving benefits.

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Presentation on theme: "Discount schemes Salary sacrifice – tax saving benefits."— Presentation transcript:

1 Discount schemes Salary sacrifice – tax saving benefits

2 Upto 15% discount Collect as you spend Over 6500 discounts

3 Reloadable Cards & Vouchers The smart way to save money E.g. Load £100 on to a Boots reloadable card but you only pay £90! Postage and packaging is free and there is no charge for debit card payments

4 Travel booking portal Agency commission of up to 14% passed back to the employee Fast track ‘search & book’ facility Full travel booking system – including holiday, car hire, airport parking, flight etc Discount deducted from price when booked Online or over the phone bookings

5 Tax saving on childcare payment Save up to £933* per year on childcare you already pay for Buy vouchers – maximum of £55 per week Reduce the gross salary by voucher amount hence saving tax and NI between £52- £77 per month All done via BACS straight through to the carer each month from the salary. Not just for babies – payments can be used for children up to 15 years of age, or 16 if registered disabled

6 Tax Savings on Cycles Superstore prices, service and choice through UK-wide Halfords stores 35%* Comprehensive national network of independent retailers, to suit any needs 65%* Save up to 32% on any new bike and equipment up to the value of £1000 Lease the bike from Croydon Council over 12 months with an option to own at the end of the year The council pays the entire cost upfront Apply all year round

7 Mobile phone salary sacrifice Computer purchase salary sacrifice Total remuneration statements Coming soon…..

8 Total Remuneration Statement Clear explanation of the employees salary and additional benefits Showing their TRUE worth, bringing together all fringe benefits and their monetary value Often over 30% increase in perceived package value when displayed through TRS

9 Schools on the Croydon payroll Employees must be UK tax payers Earning above the minimum wage Permanent workers Eligibility

10 Contact Ritika Singh on x88912


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