Moneyway launches voluntary benefits

Financial services firm Moneyway has launched voluntary benefits, including perks through salary sacrifice  to its 230 employees, effective from the 1st September.

The firm is offering its employees the chance to participate in cycle-to-work initiatives or purchase child-care vouchers and pensions through a salary sacrifice scheme.

Anne McKenning, head of HR for Moneyway, said: “Staff can access benefits at a preferable rate and because it’s salary sacrifice the employees get tax and national insurance savings. “

Other benefits on offer include medical cash plans, dental insurance, holidays and BUPA medical insurance which are paid for from net pay.

Staff can access the benefits through the [email protected] site on the company intranet or alternatively from a PC at home via provider Motivano’s website.

“This scheme allows people to spend their money in ways that best suit their lifestyle and allows them to have benefits at rates they could not secure in [the open] the market,” added McKenning.

As part of its communications campaign, Moneyway used a ‘pick n’ mix’ theme to communicate the scheme to staff using and goodie bags containing sweets and a brochure outlining all the available benefits. The firm also trained up staff to be ‘flexperts’ to raise the profile of voluntary benefits within the firm and held roadshows in the company canteen, where providers explained the benefits.

Previously, Moneyway operated an employee discounts scheme for its staff, which included deals with high street stores such as HMV and Marks and Spencers.