As an employer you don’t have to pay tax on a staff benefit costing less than £50 per employee providing this isn’t a reward for their work performance or included in any contract between the employer and member of staff.
This means that the HMRC treats membership of FOXY Lady Drivers Club as a ‘trivial benefit’ – one which employers and employees do not need to pay tax or NI on.
What this motoring benefit includes
Membership of FOXY Lady Drivers Club is an annual benefit package for female staff and includes
+ Preferential rates for car insurance
+ Member only affinity car buying schemes
+ Regular money saving offers
+ VIP services* at female friendly approved garages & dealers
+ A friendly motoring helpdesk
+ Expert legal, claims and anxiety support
+ Monthly e-newsletters packed with news & female reviews.
PLUS a copy of the latest Official Highway Code for each individual.
*free car checks, member discounts and local ladies’ evenings.
What this motoring benefit costs
The cost of a FOXY Lady Drivers Club Employer Benefit Scheme is based on the numbers involved.
For a minimum of 25 staff in an Employer Benefit Scheme
A one-off subscription of £15 per staff member followed by an annual scheme management fee of £50.
For a minimum of 100 staff in an Employer Benefit Scheme
A one-off subscription of £12 per staff member followed by an annual scheme management fee of £200.
For a minimum of 250 staff in an Employer Benefit Scheme
A one-off subscription of £10 per staff member followed by an annual scheme management fee of £350.
NB: These one-off subscriptions apply to previously nominated female members of staff during their period of employment. Additions, deletions and amendments are made at the annual anniversary date, subject to a one-off subscription adjustment plus the stated annual scheme management fee.
For More information
To find out more, simply email email@example.com confirming the number of female staff/partners involved and their working locations. The Club will then
1/ call you to discuss this
2/ organise for payment
3/ set up an in-house joining page for staff applications
4/ prepare staff benefit folders with scheme details for you to circulate
5/ arrange annual scheme reviews.