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FW: Voluntary Benefits for Staff - JUST FOR YOU

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  • Simon Baddeley
    X-post - thought these new employee benefits for buying cycles, childcare and buying a computer for working at home might be of interest. S MEMO CIRCULATED TO
    Message 1 of 1 , Apr 29, 2004
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      X-post - thought these new employee benefits for buying cycles, childcare
      and buying a computer for working at home might be of interest. S

      MEMO CIRCULATED TO STAFF AT BIRMINGHAM UNI

      Dear colleague


      The next available benefit will be childcare vouchers paid for via the
      payroll on a salary sacrifice basis. Salary sacrifice is a method which
      means you are paying for something out of your gross pay, not your net, so
      that you pay less tax and national insurance overall, giving a saving. The
      government has deliberately allowed for salary sacrifice on three items -
      childcare, the home computing initiative (see below) and bicycles for work.


      We are also evaluating suppliers on the Home Computing Initiative which
      allows staff to acquire computer equipment, again on a salary sacrifice
      basis. More details of this initiative can be found on the dti website at
      www.dti.gov.uk/hci <http://www.dti.gov.uk/hci> This scheme is also
      heavily backed by the TUC and information can also be found on their website
      at <http://www.tuc.org.uk/skills/tuc-7519-f0.cfm>

      None of these initiatives will cost the University any additional
      expenditure, over and above payroll and personnel administration costs which
      will be covered from savings on employer contributions to national insurance
      costs. However we hope that the benefits for staff will be considerable.

      Yours sincerely


      Mrs Lora Morris Principal Policy Consultant Personnel Services The
      University of Birmingham Edgbaston Birmingham B15 2TT telephone 0121 414
      3786 email l.c.morris@... Personnel Services website
      www.punit.bham.ac.uk





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