Voluntary benefits
Voluntary benefits schemes enable organisations to offer extra perks, discounted products and services to the workforce at little or no extra cost to the company. These benefits are paid for by the employee, sometimes through payroll. Perks that attract an employer tax break can be offered through a salary sacrifice arrangement. It is advisable to get in a tax expert when you implement a salary sacrifice scheme.
Definitions of common voluntary benefits terms
News
EXCLUSIVE: Equiniti Group adds cars and insurance discounts to flex
Two new company car schemes and an insurance discount scheme will be added to the flexible benefits package on 1 January.
02 Feb GKN introduces voluntary benefits scheme after review
26 Jan Evans Cycles launches online hire agreements for bikes for work
25 Jan Reed Group loses tribunal appeal on salary sacrifice arrangements
11 Jan EXCLUSIVE: British Airways appoints new employee discount scheme provider
04 Jan Home Group uses competition to increase take up of voluntary benefits
Analysis
Voluntary benefits get quirky
Environmental perks feature strongly among the quirkier options in voluntary benefits, says Jennifer Paterson
03 Jan Olympics can kick-start new benefits
03 Jan Make the most of bikes-for-work schemes
28 Nov Employee Benefits/Xexec voluntary plans and tax-efficient benefits supplement 2011
28 Nov Voluntary benefits: VAT ruling is a taxing matter
Case Studies
Case study: IAG ensures staff get discount message
Like many other employers, insurance group IAG (UK) has been seeing much more use of its voluntary benefits scheme in the current economic climate.
03 Jan Case study: Cisco ring-fences engagement around Olympics
03 Jan Case study: London Overground on track with Olympic benefits
03 Jan Case study: Octopus reaches out for bikes for work take-up
Research
Reabur research: Employees prepared to pay for longer weekends
More than half (52%) of British employees would be prepared to sacrifice a day’s pay for a three-day weekend, according to research by Reabur.
30 Aug Hyphen research: Employees prepared to take pay cut for additional annual leave
11 Jul HMRC research: Employees are donating more money to charity
05 May Portus Online research: Law partners value perks
10 Feb Cycle to Work Alliance research: Bikes-for-work schemes improve employee engagement
Sponsor's Articles
01 Oct Asperity Employee Benefits awarded 'Winner of Winners' at Fast Growth Business Awards
01 Sep Vue Entertainment increases take-up of discounts programme after relaunch
15 Aug Asperity Employee Benefits ranks number two in Sunday Times Tech Track 100
