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The joy of flex

26 February 2008
Issue: 4147 / Categories: Comment & Analysis
Flexible benefits schemes can incentivise employees and save tax and NICs. MICHAEL LAVAN and GRAHAM FARQUHAR explain how


  • The basic principles.
  • Ensuring that the scheme is effective.
  • Variation of the contract and the right of reversion.
  • Possible benefits for inclusion.
  • Potential negative effects of the scheme.

The use of flexible benefits schemes as a means of delivering employee reward has been commonplace for a number of years. Nevertheless we continue to see an increasing appetite to develop and expand such arrangements amongst both employers and employees.

A growing appreciation of the requirements and needs of individual employees is encouraging businesses to give their workforce greater control over the make-up of their remuneration package.

By so doing employers hope to achieve that critical edge in differentiating themselves from their rivals in a competitive job market.

By grouping a broad range of employee benefits under the umbrella of a flexible benefits...

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