Vivup Home and Electronics staff benefit
- Impact on pension contributions
- Tax implications @(listOrdered ? "ol" : "ul")>
Salary sacrifice eligibility and scheme criteria
The Home and Electronics scheme is open to both full and part-time staff, however, you must meet the criteria outlined below.
These criteria will be checked by Payroll/People Services before any salary sacrifice orders are approved.
- You need to be a permanent and paid employee, or, if you are on a fixed-term contract, your contract of employment must be for a longer period than the proposed Salary Sacrifice Agreement.
- Your gross salary after taking into account all salary sacrifice arrangements must be above the National Living Wage/National Minimum Wage for the duration of the Salary Sacrifice Agreement.
- Overtime and any additional payments you may receive should not be included when you enter your gross annual salary into the online site unless it is contractual and guaranteed.
- You must have successfully completed your probationary period – with a minimum six months of service with LCC.
- The maximum value of the total Home and Electronics purchase is one month's gross salary (before tax – you can find this on your payslip). For example, if your gross salary (before deductions) on your payslip is £1,500 per month the total amount of goods ordered must not exceed this. This is to ensure that purchases are affordable and if you leave the Council there would be no outstanding debt as the balance could be recovered in your final salary.
- The salary sacrifice repayment period can be either for a 12 or 24-month term.
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