Type of Benefits Available

  • Pension Scheme – At present the only benefit that a company is compelled to make available to employees under the Stakeholder legislation. A pension is simply a means to ensure that your staff are financially secure in their retirement and to encourage them to start making provision. With possible major changes to tax relief imminent and National Employment Savings Trusts (NESTs) fast approaching, now is the time to review what you offer.
  • Death in Service life cover – This pays a lump sum and/or an income to an employee’s family in the event of their death. This allows the family time to recover from the initial impact and then make the necessary financial adjustments that will follow.
  • Permanent Health Insurance (also known as Income Protection) – In the event of an employee suffering a long term absence from work due to any sickness or injury, the policy will replace their income (within specified limits) until the day they return to work, or retire, whichever comes first.
  • Private Medical Insurance – Should an employee need to see a medical Consultant, gain specialist treatment or have an operation. Private Medical Insurance allows them to opt for Private treatment at a time and with the Doctor or Hospital of their choice, instead of joining the NHS waiting list. The cost of treatment is normally covered by the Insurance. Cover can also be extended to cover a Spouse or partner, and children.
  • Critical Illness cover – Pays a lump sum in the event of the employee contracting one of a range of serious illnesses.
  • Employee Assistance Programme – A confidential & professional counselling service providing help and advice to your staff 24 hours a day, 7 days a week. Services range from Stress counselling and medical advice to legal advice and debt counselling.
  • Health Screenings – Annual health checks to ensure early detection of potential medical problems. Usually includes access to GP advice without appointment at specified local medical centres, annual Flu vaccinations and other ancillary benefits.
  • Other Medical Benefits
    • Dental Insurance – to cover Dental fees
    • Hospital Cash plans – pay a fixed sum for each night spent in hospital or undergoing specified treatment
    • Eye Care Vouchers – to cover eye tests and subsidise cost of eyewear
  • Bikes 4 Work – As an employer you can help your employees to save up to 50% off of the High Street cost of Bicycles and safety equipment by buying them through a salary sacrifice arrangement at no cost to you.
  • Save as you Earn/Share Save schemes – A Voluntary benefit. Inland Revenue approved schemes offering staff the opportunity to purchase shares in the company and benefit from their growth.
  • Share Option – Options are usually issued free to staff as a “bonus”. However, to exercise the Option they will have to pay the agreed share price.