Business Services - Employee Benefits

As an employer you will want any employee benefits you offer to be valued by them, as tax efficient as possible for both parties and cost effective for your business. You also need to make sure you fulfil your statutory obligations.

At Census Financial Planning in Belfast we have a specialist Employee Benefits team, which works closely with companies to administer employee benefit schemes and to manage Financial Education in the Workplace seminars.

We have extensive experience in assisting firms with educating employees and in providing guidance on Employee Benefits such as:

Pensions

We can recommend the most tax-efficient arrangements for higher earners (including directors) and low and medium earners.

Death-in-service Benefits (Group Life Assurance)

It is relatively inexpensive to offer and easy to set up and administer, although prices vary considerably.

Critical Illness Cover

This provides a lump sum payment to an employee should they suffer a serious illness, such as heart attack, stroke or cancer.

Income Protection

This enables an employer to continue paying an employee's salary if he or she is unable to work due to illness for an extended period.

Private Medical Insurance

Group schemes are typically 30% cheaper than the equivalent number of individual policies. Fast access to specialists often results in employees requiring less time off work.

Flexible Benefits

Giving Employees a degree of choice over the benefits they receive greatly increases the value they place on the benefits they select.

Salary Exchange (Salary Sacrifice)

It enables employees to pay for certain benefits by a direct deduction from their salary and can increase the already generous tax breaks available for pension contributions by 23% or more, subject to meeting HMRC criteria.