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Employee Benefits

Flexible Benefits

Over the last five years, the adoption of flexible benefits has grown rapidly and it has become a well-established reward strategy. Employers have increasingly recognised that enabling employees to shape their own flexible benefits scheme helps to drive employee engagement and allows their business to derive better value from their reward spend.

A flexible benefits package will meet the changing needs of the most diverse workforce and can be a more engaging alternative to a fixed range of benefits. This gives employees more choice and adds tax efficiency for the employer and employee, hence increasing returns. Flexible benefits can also be used as a tool to control benefits costs or harmonise terms and conditions post a merger.

Online flexible benefits portals can offer:

  • The capacity for every kind of employee benefit, from childcare vouchers and cycle-to-work schemes to holiday entitlements that can be ‘bought’ or ‘sold’ by employees as required
  • Highly automated administration via our reward portal
  • A reward dashboard and reporting suite for up-to-date management information

Tax Panning advice is not regulated by the Financial Conduct Authority.

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