Last minute pre budget actions?
Management Buyout at Molecular Dimensions

Tax Free Benenfits

It's still tough out there and despite some inflationary pressures, cash may not be available to fund salary increases.  Instead it might be worth thinking of tax efficient benefits to provide instead as a one off or an ongoing:
•Salary/bonus sacrifices in exchange for employee pension contributions can significantly reduce National Insurance costs;·
•Pension advice costing up to £150 in any tax year;·
•Annual social events – the “Christmas party” tax exemption of up to £150 per attendee applies to annual social events to which all employees are invited. Events such as a summer barbeque or theatre visit may qualify. Care needs to be taken on which costs are included when considering expenditure against the £150 limit;·
•Health screening and eye tests/glasses for VDU users;· Employer supported childcare and childcare vouchers;·
•Trivial benefits such as office refreshments;·
•Provision of free or subsidised meals, for example in a canteen or a shared canteen on an industrial estate/business park;·
•Training.
••Long service awards;·
•Cycle to work schemes including meals provided on cycle to work days;·
•Lunchtime bus/mini bus services;·
•Provision of free or subsidised meals, for example in a canteen or a shared canteen on an industrial estate/business park;·
•Training.


 

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