Flexible Benefits - Policies and Procedures

One day workshop (Ref: FBP09w) :: Price - £397 + VAT

Delegates limited to 12

Workshop Aims

The days of offering employees a fixed benefit package are coming to an end as increasing number of employers see the benefit of offering a flexible benefit package that can change to meet the demands of an employee's lifestyle thereby improving staff retention. This course explores how flexible benefit packages can be put together to meet this demand and give potential tax and/or NI savings in addition.

Who would benefit?

Anyone in payroll or HR who is considering setting up a flexible benefit scheme or already has one in place and wishes to learn more about the way such arrangements work.

Course Content

The programme includes:

• What flexible benefit and salary sacrifice schemes are
  
• The benefits of such schemes
  
• The relationship between flexible benefits and salary sacrifice
  
• Introducing a scheme including
  
  • Contractual implications
    
  • HMRC involvement
    
• Areas for caution including
  • National Minimum Wage,      
  • Earnings below the Lower Earnings Limit,
  • Tax Credits
• What benefits could be involved including
  • Pensions
  • Holidays
  • Health Cover
  • Cars
  • Fuel benefit
  • Child Care
  • Bicycles
• Tax and NI implications of each benefit
  
• Criteria that must be met for schemes to be effective
  
• HM Revenue & Customs involvement
• Lifestyle changes including sickness, maternity, adoption and paternity leave and pay issues

At the end of the workshop, delegates will be:

• Have a greater appreciation of the benefits and potential pitfalls of offering flexible benefit packages to employees
• Feel more confident in their ability to introduce such packages

Dates & Venues

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