Viewpoint: How are employee benefits funded?
And what’s changed following the 2017 Finance Bill?
Employee benefits are a great way to make people feel valued, engaged and happy. And the good news is that they don’t have to cost the earth. There are three main funding options (with a few variations), each of which we present here. You can choose whichever approach works best for your business, or offer a combination of two or three.
- Benefit fund
- Core benefits
- Salary exchange (or sacrifice)
Of these, salary exchange has seen the biggest changes recently.
In our Viewpoint paper we address areas outlined below.
Download our comprehensive 12 page Viewpoint paper NOW.
- A benefit fund (sometimes called a ‘flex pot’)
- Core employee benefits
- When core benefits don’t pay
- Salary exchange, or salary sacrifice
- What about the Finance Bill 2017?
- What does it all mean for you?
About PES
Delivering a great employee experience is a challenge for growing organisations. At PES, it’s what we do. Our online employee benefits platform, HR support and workplace wellbeing services bring out the best in your employees – enabling your business to thrive.
Call us on 01454 808658, email us at hello@wearepes.co.uk or fill in our enquiry form.
