Employee Benefit Solutions

Employee Benefits

Whether it’s setting up a completely new benefits package, reviewing what is already in place, or updating it to more closely reflect your business’ values. We will work with you to identify a benefits package that delivers a range of benefits valued by your employees to ensure maximum engagement.

These are a range of Employee Benefits that you might like to consider:

  • Life Assurance
  • Private Healthcare
  • Personal Health Manager
  • 24 Hour GP Helpline
  • Eye Care
  • Maternity Benefit
  • Child Care Voucher Scheme
  • Accident and Travel Insurance
  • Company Car/Allowance
  • Payroll Giving Scheme
  • Employee Assistance
  • Rewards Discount Scheme
  • Group Income Protection

Flexible Benefits

Flexible Benefits are growing increasingly popular as employers strive to attract and retain key staff through delivering enhanced benefit packages, whilst also controlling costs and complying with changing legislation.

There are a wide range of solutions that could form part of your flexible benefits program. We have expertise in managing and implementing solutions, which include one, or a number of the following:

  • Life Assurance
  • Private Healthcare
  • Personal Health Manager
  • 24 Hour GP Helpline
  • Eye Care
  • Maternity Benefit
  • Child Care Voucher Scheme
  • Accident and Travel Insurance
  • Company Car/Allowance
  • Payroll Giving Scheme
  • Employee Assistance
  • Rewards Discount Scheme
  • Group Income Protection

Extra profit at no extra cost - Salary Exchange/Sacrifice

This is an arrangement where employees agree to give up some salary or bonus. The amount given up is used by the employer to provide a non-cash benefit to the employee.

As the employee is being paid less gross salary the employer makes National Insurance Contribution (NIC) savings and the employee pays less tax and NICs.

The benefits:

  • Employers save on their NIC bill
  • Employees save on tax and NICs

Auto Enrolment

To encourage the estimated eleven million people currently employed, to save for their retirement, the government has introduced a wide ranging pension reform programme. Whilst businesses may have existing pension arrangements, they may not have qualifying schemes. It is in the business' best interests to ensure it is compliant with the new regulations as the reforms also introduce new obligations, and any breaches will attract fines and even possibly, imprisonment.

The changes are being rolled out over a five year period, in a process called staging; this is based on the number of employees in their PAYE scheme at April 2012. Larger employers will be given earlier staging dates. The Pensions Regulator will write to all businesses informing them of their staging date twelve months beforehand, to give them plenty of opportunity to implement the reforms.

Click Here to find out your Staging Date.

Businesses will have to do the following:

  • Provide a qualifying scheme for all workers
  • Automatically enroll all eligible workers into their scheme
  • Pay employer contributions to their scheme on behalf of their workers
  • Communicate to the workers when they have been auto enrolled and that they may opt out, if they so wish
  • Register with the Pensions Regulator

Do not delay. Call 01603 268080 and talk to one of our Insight Corporate Solutions Advisers to review your existing pension arrangements, or to set up a new scheme.