Reward and Incentive Programmes -
As this is our prefered distubution method we will reduce the price to your employees to £250 inc VAT.

Incentivise your employees - without it costing either the Company or the Employee the earth;

Giving your employees a bonus or reward without them being penalised by the tax man is very difficult. The normal cost of a holiday as a benefit breaks down as follows;

• Company pays £600 for the holiday.
• Company also pays HMRC £76.80 for the 12.8% employers NIC.
• Total gross cost for the company is £676.80


• Employee pays HMRC £240 Tax and £6 NI for the holiday benefit (40% tax band).
• Total net cost for employee is £246 or the equivalent of £416.90 of gross salary!


• Total Cost to both the Company and Employee is £676.80 PLUS £246 = £922.80

To provide an Employee with Frequent Holidays as an Incentive Frequent Holiday Voucher costs break down as follows;

• Company pays £250 for the holiday voucher.
• Company also pays £32 for the 12.8% employers NIC.
• Total gross cost for the Company is £282
• Employee pays £100 Tax and £2.50 NI for the holiday benefit (40% tax band).
• Total net cost to the employee is £102.50 or the equivalent of £173.72 of gross salary.
• Total Cost to both the Company and Employee is £282 PLUS £102.50 = £384.50
• That is a saving of £538.30 for both the Employer and the Employee OFF a £600 holiday compared to conventional leisure rewards!
  

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