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Article: PRODUCT FILE: Discounted travel passes.
- Article from:
- Employee Benefits
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Getting to work more cheaply is a valuable perk for cash-strapped employees, says Alison Coleman
In tough economic times, employees welcome benefits that deliver cash savings, such as discounted travel passes which enable them to make significant savings on the cost of travelling to work.
Under government legislation, employers can offer discounted bus travel free of income tax, as well as employer and employee national insurance (NI), provided the employer pays for it. It can therefore be offered via salary sacrifice whereby an employee gives up a portion of salary in exchange for the perk.
Schemes are available direct from transport ...