EMPLOYEE BENEFITS PLATFORM - SANTÉFLEX
Lifestyle Benefit
The lifestyle benefit allows employees to pay for selected lifestyle subscriptions, such as Headspace, Babbel, and Spotify, through a salary sacrifice arrangement, potentially saving approximately 8% on National Insurance contributions. Additional savings are also available depending on the provider or membership type.
How does it work?
Employees give up part of their salary in return for a lifestyle subscription. As the employer, you pay for it upfront and deduct the cost over 12 months from their gross pay. Employees on the basic rate of tax save 8% on the product, via an National Insurance saving. Combined with a discount supplier, the employee is saving between 8-40%.
EMPLOYEE BENEFITS PLATFORM - SANTÉFLEX
Why should I offer the Lifestyle Benefit to my employees?
Support for mental well-being should be at the forefront of every company's benefits strategy. A healthy employee is more productive at work, less likely to fall ill and more likely to stay motivated. Our lifestyle benefit enables employees to pick the benefits that matter to them and save money in the process.
FAQs
Who supplies the products?
We’ve partnered with a range of suppliers that enable us to sell licenses to subscription apps at a discounted rate.
How does approval work?
You set the parameters beforehand and dictate who qualifies for salary sacrifice, how much they spend and when. We also enable manual approval.
How does Lifestyle Benefit differ to others on the market?
Our lifestyle benefit is entirely digital and accessed through our mobile app. Employees simply sign up through the app and get their app license/membership delivered the next day.
What level of admin is involved?
We make administration incredibly simple: you’ll receive notifications and can easily review each request as it comes in. Alternatively, you can set up benefits windows in advance to streamline the process, allowing requests to be bundled together for even greater efficiency.
How does the National Insurance saving work?
Employees can take advantage of this benefit through a salary sacrifice agreement, which allows them to save up to 8% on their National Insurance contributions, depending on their tax rate.
Who is eligible for this benefit?
As our lifestyle benefit is a salary sacrifice benefit, only those above the minimum wage qualify. Beyond that, it’s up to you as an employer to set the eligibility rules. For example, you may wish to exclude those on probation.
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08081713434
Address
Santé Group, 523 Garstang Rd, Broughton,
Preston, PR3 5DL