Team Rewards (teamrewards.co.uk), the leading provider of employee benefit schemes in the United Kingdom, is pleased to inform everyone about their Car Parking Scheme.
Team Rewards understands that aside from fuel costs, one major problem of travelling to work is the cost of car parking. Through their Car Parking Scheme, these expenses can be reduced. Employers can save 13.8% in National Insurance Contributions on the total Salary Sacrifice value, while employees can save up to 42% in tax and National Insurance. Employers can get the VAT on the parking permit, and this needs to be declared as output tax.
Team Rewards’ Car Parking Scheme has flexible rules. Clients can easily tailor it according to the needs of their employees and the policies of their business. Moreover, they will also be allowed to select the car parks that they prefer to use. The scheme can be used for car parks owned by the employer, workplace car parks, or independent car parks.
The Car Parking Scheme usually runs for 12 months. For the convenience of their clients, Team Rewards offers this scheme with full management including enrolment, marketing, and compliance. A dedicated employee support with telephone enrolment will be provided as well.
Team Rewards assures everyone that their Car Parking Scheme is a government-back salary sacrifice benefit program. It complies with the rules of HM Revenue & Customs or HMRC, the United Kingdom’s authority when it comes to tax, payments, and customs.
It should be noted that this scheme must be made available to all employees. It must not be exclusive to employers, directors, and other high-ranking officers.
Team Rewards guarantees everyone that they offer quality and reliable services. According to them, “We are a proactive and forward thinking company continually researching the market for new and exciting products and technology. Our experience of setting up and administering multiple Salary Sacrifice schemes is second to none and our unique communication methods have a proven track record of driving engagement and maximising savings for both you and your employees”.
Aside from the Car Parking Scheme, this company offers other benefits programs focused on car leasing, travel loans, financial wellbeing, lifestyle, and much more. To learn more about this company, log on to teamrewards.co.uk.
About Team Rewards
Team Rewards is the premier provider of bespoke benefit plans in the United Kingdom. It is composed of experts in employee benefits, human resources, web platforms, and employee management. If you are interested in getting their products, there are various ways to get in touch with them. You can speak with a representative by calling 0845 0777 075. Alternatively, you can send your written comments, suggestions, and queries to their email address, info@teamrewards.co.uk, or through the contact form on their website at teamrewards.co.uk.