The Company Car Taxation paper by Copenhagen Economics reviews the extent to which the current taxation of company cars artificially promotes the use of cars. The key question it explores is whether the employees, by way of the free use of such cars, receive benefits that are under-taxed relative to alternative salary remuneration. This study presents new, EU wide estimates of the level of subsidies to company cars and provides some preliminary examples of the possible effects of suchsubsidies on economic welfare and environment. lt also discuses the policy implications.
As pay constraints continue to dictate the employment landscape, budgets are feeling the squeeze as increasingly expensive benefits are stretched to fill the gap.
Share incentive plans are an effective and useful reward tool. David Mortimer, head of external affairs at ProShare, explores how it could be made even more successful.
Supporting employees’ mental and physical wellbeing has been at the forefront of people strategies for years. But more recently, support initiatives have expanded to include financial wellbeing too.
From April 2029 the government will restrict NICs relief on salary sacrifice into pension schemes to the first £2,000 of pension contributions. REBA’s writer Gill Wadsworth looks at what this means for workplace retirement savings and how employers can make the most of the existing regime.
