Payrolling Benefits
This will be mandatory by April 2026, so make the switch now to be ready in time.
Payrolling benefits will become mandatory by 2026, this is why…
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Save admin time
Payrolling benefits lets the payroll software do the hard work by reporting taxable benefits in real time to HMRC.
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Reduces complexity
Reporting benefits through traditional P11D forms is onerous and complex for your employees. Payrolling benefits will reduce this burden.
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Fully digital
The tax affairs of over 3 million people receiving taxable benefits in kind will be simplified and it will be easier or employers to manage too.
Types of Benefits
There are many benefits that you may already be providing or are hoping to provide to your employees. Many of these have different Tax and NIC reporting requirements and our payroll team can support with the reporting of these benefits as well as providing advice on what - if any - liabilities are attached for you and your employees.
Private Medical Insurances
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Health Cash Plans
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Dental Insurance
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Critical Illness Cover
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Workplace Savings
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Techschemes
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Company Cars
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Company Loans
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Relocation Costs
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Mobile Phones
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Home Office Equipment
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Gym Maintenance
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Eye Care
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Gift Cards & Vouchers
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Employee Assistance Programmes
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Restaurant Cards
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Other Membership / Services
Private Medical Insurances 〰️ Health Cash Plans 〰️ Dental Insurance 〰️ Critical Illness Cover 〰️ Workplace Savings 〰️ Techschemes 〰️ Company Cars 〰️ Company Loans 〰️ Relocation Costs 〰️ Mobile Phones 〰️ Home Office Equipment 〰️ Gym Maintenance 〰️ Eye Care 〰️ Gift Cards & Vouchers 〰️ Employee Assistance Programmes 〰️ Restaurant Cards 〰️ Other Membership / Services
Salary Sacrifice
The principle behind salary sacrifice is simple. Employees agree to redirect part of their gross salary into a ‘non-cash’ benefit, most commonly as extra employer contributions into their pension pot. However, there are quite a few benefits that can be treated in this way and our payroll software is adept at handling the process.
Contact the Employee Benefits team at The Ink Group if you would like to find out more about how you can make significant savings to employer National Insurance Contributions by implementing salary sacrifice for applicable employee benefits.
Workplace Pensions
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Cycle to Work
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Holiday Purchase Schemes
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Childcare Vouchers
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Workplace Nursery Schemes
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Electric Vehicles
Workplace Pensions 〰️ Cycle to Work 〰️ Holiday Purchase Schemes 〰️ Childcare Vouchers 〰️ Workplace Nursery Schemes 〰️ Electric Vehicles
Optional Renumeration Agreements (OpRAs)
Optional Renumeration Agreements (OpRAs) other benefits that you may wish to ‘salary sacrifice’ however if they are not HMRC approved Salary Sacrifice schemes, they will fall under the ‘OpRA’ rules.
Our team can help provide further guidance on this.
Get in touch.
If you’d like to find out more about our Payroll Bureau, drop us a line and we’ll be in touch.