Rail season tickets & salary sacrifice
leeGrant77
Registered Posts: 29 Regular contributor ⭐ 😼 ⭐
Annual season ticket works out at £420 pcm
Monthly season ticket cost £485 ppm
The company wants to buy monthly to ease cashflow but employee says old employer deducted the lower value.
I have suggested we salary sacrifice the £485 as an annual value , what are the other options here?
If the company pays £485 then this is a BIK that needs to be recovered/reported .
Is it possible to part sacrifice and recover some as a loan?
any advice appreciated, not dealt with TFL tickets being a Midlander!
Monthly season ticket cost £485 ppm
The company wants to buy monthly to ease cashflow but employee says old employer deducted the lower value.
I have suggested we salary sacrifice the £485 as an annual value , what are the other options here?
If the company pays £485 then this is a BIK that needs to be recovered/reported .
Is it possible to part sacrifice and recover some as a loan?
any advice appreciated, not dealt with TFL tickets being a Midlander!
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 234 NEW! Qualifications 2022
- 133 General Qualifications 2022 discussion
- 7 AAT Level 2 Certificate in Accounting
- 31 AAT Level 3 Diploma in Accounting
- 55 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 91 Software
- 272 Tax
- 135 Bookkeeping
- 7.3K General accounting discussion
- 201 AAT member discussion (AATQB, MAAT, FMAAT and AAT Licensed Accountants and Bookkeepers)
- 3.8K For everyone
- 39 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 586 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 47 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership