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£25 tax free bonus . . . . ..

Accounting, Businesses, Growth, Payroll l

genius ideaStaff suggestion scheme

Something that many employers forget about is a suggestion scheme, which can lead to your team delivering tangible savings for your business. Under a suggestion scheme employers can pay up to £25, tax-free, for any employee suggestions for improving the way the business is run.

Where employee ideas deliver a financial benefit for the company they can pay the employee 50 per cent of the financial benefit achieved in the first year following adoption, or 10 per cent of the financial benefit from the first five years, subject to a maximum of £5,000. Contact us to discuss in detail and set up your scheme!