Permanent job offer - what benefits and allowances do you get ?

property.advert

I'm more used to contracts but might in terms of permanent work, I am looking at the fringe benefits and what they might be worth. If you have any experience, I would be grateful if you would post up your benefit types and perhaps allowances or percentages.

I've identified the following potential areas:

Season ticket loan
Pension - contributory / non contributory
Gym membership
Private medical
Mortgage allowance
Housing allowance
Car allowance
Travel allowance
Number of days holiday

I doubt anyone get gets them all but perhaps some ? Thanks.

bristol_pilot

Final salary pension, 6% employee contribution. 34 days per year holiday. Also, an interest-free loan for a deposit on a house when I first joined (this was for new graduates straight out of uni only). We used to get private medical but the Company dropped it due to low take-up (taxable benefit).

Oldernotwiser

Season ticket loans are quite common in London and some companies will have negotiated corporate discounts with BUPA.

kingfisherblue

Additional training, perhaps to degree or post degree level (but you might have to stay with the company for a number of years afterwards).

fengirl_2

Don't forget that Gym membership
Private medical
Mortgage allowance
Housing allowance
Car allowance
are all taxable at your highest rate.

property.advert

fengirl wrote: »

Don't forget that Gym membership
Private medical
Mortgage allowance
Housing allowance
Car allowance
are all taxable at your highest rate.

I guess they are assessed as income ?

I know one bank I worked for a long time ago used to give a mortgage subsidy on around £30,000 where the amount they offered was the interest between the market rate and their internal rate. Looking at the numbers, it was probably a throw back to the times when mortgage interest was tax deductible at £30,000 per individual. That ended in the late 1980s I think ? They certainly did not give it on £500k mortgages !

The thing is that talking to some agents, the issue of basic salary and a likely bonus is not the full package. If another X number of thousands is available, then it is just another way of giving you salary I suppose.

One question I do have is if you salary sacrifice or pay into a pension large percentages of your salary, are these benefits still treated as income, meaning you can push them from 40% down to 20% tax ?