Making salary go further
Give your people more freedom to choose. Salary sacrifice schemes offer a whole range of voluntary, flexible benefits from a brand new car to the latest iPad for your teams. Engage better. Offer more, for less. All in one place.
Personal Group’s employee experience platform and app, Hapi, offers a wide range of extra benefit packages in one central hub. Connect your employees to the latest offers on technology, health equipment, government schemes and more, 24/7.
What is an employee salary sacrifice scheme?
Salary sacrifice schemes work by reducing an employee’s salary in exchange for a benefit. Many of these schemes are government-backed like childcare vouchers and cycle to work schemes, whilst others can be provided to your employees as optional remuneration. Salary sacrifice schemes allow employees to exchange part of their pay, which is taken directly from payroll, for a wide range of benefits, services or home technology products.
There’s never been a better reason for your employees to ditch the car and use pedal power to get to work. Government-backed cycle to work schemes are an easy, cost-effective way to have a positive impact on the lives and wellbeing of your staff. Our Cycle2Work schemes from Evans Cycles and Halfords help employees save money and keep fit through active travel.
Childcare Voucher Scheme
Employees who currently receive childcare vouchers can be easily transferred to the scheme, however this is not available to new employees as of October 2018. Our childcare voucher scheme can help parents save up to £933 a year (for basic rate taxpayers). Employees can choose their own childcare provider or nursery as long as these are state registered, or Ofsted approved.
Take the stress out of the daily commute with our car salary sacrifice scheme. Through our scheme, employees can benefit from a brand new, fully maintained and insured car, at a great price, not often seen elsewhere. Plus, those who go for ultra-low emission vehicles will benefit from even more savings.
We know from our research that 70% of employees who participated in a home technology salary sacrifice scheme believe that, thanks to the scheme, both their and their family IT skills have greatly improved. Close the IT skills gap in your business whilst offering your staff the chance to buy the latest gadgets from top brands like Apple and Samsung, spread into easy, manageable payments and taken straight from their pay packet. We offer everything from smart phones and laptops to smart home technology and iPads. Investing in the digital age means reaping of rewards for all.
Holiday trading schemes allow employees to purchase extra annual leave by sacrificing part of their salary in return. This provides greater freedom and flexibility, and allows them to feel valued and trusted, whilst also saving the employee money on tax and insurance. Employers also benefit from this popular scheme by saving on National Insurance.
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