A clearly communicated benefits and remuneration strategy can help to recruit and retain high-calibre employees, which is why they’re so important to get right. At Lester Brunt, we have years of experience creating tailored employee benefit plans that align with all kinds of company objectives. One of our advisers will spend time with you to get a deep understanding of your business, before developing a corporate services strategy to help your company run exactly as you envisaged.
As a business, your employee benefit packages should aim to help workers feel recognised as individuals, which will ultimately work in favour of the business as a whole. One of our advisers will help you build a detailed and personalised strategy that aligns with your business plans while recognising the needs of your employees. We’ll also provide you with advice from a range of product providers, which are carefully selected and monitored by St. James’s Place.
Less well-known is that children can also have a pension fund as soon as they are born – and setting one up can bring significant tax advantages. Even if your child is a non-taxpayer, they will still get basic-rate tax relief on contributions. That means a maximum of £2,880 a year is automatically grossed up to take account of tax at 25%, giving an annual investment of £3,600
Salary sacrifice arrangements can help employees pay for a range of schemes, from childcare to greener transport, straight from their salary before tax is deducted. This facilitates employee access to tax-efficient benefits while reducing employers’ National Insurance costs at the same time.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
A particularly favourable option for many prospective employees, providing access to private medical care can also help your existing workforce be more productive. You’ll be looking after your employee’s health and well-being whilst reducing absences from work while waiting for medical treatment.
Setting up employer benefits can feel like a huge challenge when you don’t have access to clear, accessible information and the right resources.
At Lester Brunt, we focus on building employer benefit strategies with your business that are simple for both you and your employees to understand, meaning everyone knows what they’re getting with no hidden catches. We want you to feel confident in what you can offer employees, while working within the framework of your business.
For more details about services that we offer reach out to us on 01202 695801, or click the button below.
