Tax free savings

As a result of the Government introducing 'tax breaks' in certain areas all colleagues can benefit from a number of significant savings by paying through the payroll.

1. Childcare costs

Childcare vouchers are non taxable for up to £217 per month, or £50 per week per parent, this means that in families where both parents are tax payers there are potential saving of between £1600 and £2100 per annum.  Find out more about Childcare Vouchers.

2. Bicycle purchase for travel to work

The Government wishes to increase the number of people cycling to work.  As a result colleagues can purchase a cycle free of income tax and national insurance contributions for this purpose.  Take a look at all the details on the Energy and Environmental Management website.