Employees at Asda stores and depots are to share an annual bonus payout of £27.8 million.
Nearly 143,000 employees with more than six months of service at the supermarket chain will receive a bonus of up to £320 on 28 February.
More than 14,000 employees from Asda’s best performing stores will enjoy a ‘super bonus’ of up to £500, after exceeding their performance target for the year.
This is the thirteenth consecutive year of bonus payouts for Asda employees since the bonus scheme was launched in 2001 to reward staff for their hard work.
Hayley Tatum, executive people director at Asda, said: “With the bonus being directly linked to store performance, it is a true measure of the resilience of our employees during challenging economic times that they continue to help us build a better, stronger business.”
As a person who received this bonus recently, I’d like to thank all those fat cat banker’s for helping reduce my bonus to a pitiful amount thanks to the tax increases introduced on bonus pay. Thank you very much. /sarcasm off
Anonymous – I am not sure what you are talking about.
There isn’t a tax on bonus payments but a cap of 100% of salary or 200% with shareholder agreement for bankers and those in financial services. This wont affect you.
The amounts of bonus quoted in the article are £320 and £500 which would be counted as normal income and taxed in the same way as your usual hourly rate or monthly wage would be.
In fact given the changes to the personal allowance and tax bands those on lower salaries are likely to see more of the money this year than they might have done previously !
”more than six months of service”
So if you started on the 29th of June you’re not entitled to anything at all ?