With the increasing cost of public transport, many employers are looking for ways to make transport more affordable for their employees.
Our Travel Loan Scheme offers your employees a way of spreading the cost of commuting to work using a company arranged loan that is free from interest and Benefit in Kind (BIK). The scheme is flexible and you can choose to set a maximum loan amount and the number of months employees take to pay it back.
We’ll provide you with:
- Full administration including enrolment, marketing and compliance
- HMRC compliant documentation
- Flexible scheme rules
- Dedicated employee support including telephone enrolment
- HR administration tools and management information