v-payplan — the smart employer's way to offer tax and NI efficient employee benefits
what are the savings?
After the administration costs of the scheme, employers can expect to save up to £155 a year per participating employee.
Employees paying tax at 22% could save up to £933 per year, whilst a 40% tax payer could make savings of up to £1,196 per year.
Take a look at the annual savings available to you and your employees by implementing the v-payplan
salary
employee’s saving
employer’s saving*
£5,000-£33,500
£933
£155
£33,501- £38,500
£642
£155
£38,501 and over
£1,196
£155
*minimum savings per employee after administration costs of scheme. based on a voucher payment of £243 month - costs vary according to number of employees.
