Are you paying too much tax?
4th April 2015
Are you paying too much tax?
If you have children in pre-school, out of school care or cycle to work then the answer maybe yes. Because there are two employee benefit schemes designed by the Government to help reduce your tax
“If you work for R&HA here’s the information you need to take advantage of these Government tax saving schemes. If you are not an employee of R&HA we have put links on our website which will help you get information on how you can possibly take advantage.
Simply visit the pages feature respectively below.”
Jeff Hyde, Finance Director and Company Secretary, Rudolph and Hellmann Automotive
| You can save up to £933 per year or more! |
Save between 31%-48% on a bike and spread the cost |
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Childcare Vouchers are part of a Government initiative because childcare can be one of the highest monthly outgoings for working families. Childcare Vouchers help to make childcare more affordable for you As well as generating savings you will get free access to a ‘Busy Bees discount card’ which enables you to make substantial savings on a range of lifestyle costs from food and clothes to days out and restaurants. Busy Bees is the appointed administrator of the Childcare Voucher Scheme for R&HA. You can use the vouchers at any Ofsted regulated childcare provider. However, if you do use a Busy Bees facility, then they give you an extra 5% discount off the fees. How does the Childcare Voucher Scheme work? The part of your gross salary you exchange for childcare vouchers is tax-free and exempt from National Insurance contributions (NI). Because of this, you can make savings of up to £933 a parent, a year (based upon the maximum available savings for a Basic rate tax-payer). It doesn’t cost you anything to sign up for childcare vouchers and the scheme applies whatever rate of tax you pay. What’s more, both parents can request childcare vouchers, giving a potential family saving of £1,866 a year! Can I claim even if I am a 40% taxpayer?
What can it be used for? • Nurseries |
As part of a Government initiative to promote green transport, and encourage employees to cycle to work. As well as generating savings for you, cycle-to-work schemes contribute to your well-being, assists with congestion and parking issues and helps minimise our carbon footprint. How does the cycle-to-work scheme work? 1)
Visit the R&HA Cycle Solutions web portal How does Cycle To Work Scheme save me money? Below is an example of how savings are made for basic and higher rate taxpayers on bike packages hired over a 12-month period.
Cycle Solutions have created a web portal page and you can link to it from our web page below. The portal explains everything you need to know, from how you pay and exactly how much you could save, to what happens at the end of the scheme. |
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Here’s how the 360 onsite logistics audit and assessment works!
Put us to the test, what have you got to lose?
Contact us for a FREE ‘on site' logistics audit – carried out under a non disclosure agreement - our findings will be reported in full confidence and will provide a detailed analysis of where savings and improvements can be made.
There’s only one condition - you must be UK based and be operating in the automotive sector, with a head count of around 25 - 30 or more operating in logistics roles.