Voluntary benefits schemes allow you to offer attractive and appealing benefits to employees, often in the form of discounted products and services, at a low cost to your company. These benefits are optional for your employee (hence the term voluntary benefits) and generally involve the employee selecting products and services from a range of retailers and suppliers; each offering either an attractive discount or cashback.
With our lifestyle employee discount scheme, we use our buying power to secure thousands of outstanding discounts and offers on a huge range of every day products and services as well as many temptations on life's little luxuries.
The term voluntary benefits also incorporates HMRC approved schemes that attract an employer tax break and can be offered through salary sacrifice. These include childcare vouchers, cycle to work schemes and annual leave allowance purchase schemes.
In recent years many UK companies have used the tax and national insurance savings gained through the implementation of salary sacrifice benefits to fund the implementation of a voluntary benefits employee discount scheme.
As P&MM Employee Benefits offer salary sacrifice schemes for childcare vouchers, cycle to work and annual leave purchase, and its lifestyle voluntary benefits scheme; it is able to fully integrate the schemes, offering you easier administration and even greater benefits.
To help you explore how voluntary benefits could deliver benefits to your organisation, call us today on 0845 272 8713, or click below to find out more about our products.