SNAP UP PERKS AT THE OFFICE
IF A pay rise is not on the horizon see if you can claim any of these tax-free perks.
HEALTHCARE
PRIVATE healthcare and medical insurance give staff the option to swap a part of their wage in return for this non-cash benefit. As a result of having a lower salary, employees pay less income tax and lower national insurance.
BIKE TO WORK
EMPLOYEES buy a bike through the cycle-to-work scheme and then the cost of it is skimmed off the employee’s gross monthly salary over the course of a year, which means you pay less tax and national insurance.
CUT BACK ON COMMUTE
SOME workplaces offer tax-free loans of up to £10,000 for staff to buy annual travel tickets.
REBATE FOR UNIFORM
THE standard allowance for uniform maintenance is £60 so basic rate taxpayers can claim £12 back and higher rate taxpayers £24. You can claim back for up to four years — to 2013 plus the current year. A basic rate taxpayer claiming the standard uniform allowance for that period could reclaim £60 in total.