Employers FAQ

Why TechBenefits?

We are a small team who have over 90 years of tech experience between us. We have hand picked products to help guide your Employees to purchase the product that are right for them.

They can trade in their old Apple device to offset against the price of a new one, they have piece of mind with our 3 year guarantee on most Apple products.

We have both a training facility and an Authorised Service Centre, so whatever the issue, its just one call to us to be put through to an expert.

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How do I sign up?

By either completing the contact form on our website or giving the TechBenefits Team a call. We will get in contact and can talk you through in more detail how the scheme works. Once your registration has been completed, we will provide you with a unique link to the portal for your staff.

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Does it cost anything to sign up?

There is no cost to sign your company up to the scheme and there are no administration charges for Employee orders.

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What is a Salary Sacrifice?

When an Employee agrees to give up part of their gross salary for an agreed period of time this is a Salary Sacrifice. As the Salary Sacrifice is taken from gross salary (before tax) rather than net pay, they will not initially pay any tax or National Insurance on the amount, however tax will be payable on the amount they Salary Sacrifice.

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What is the TechBenefits process?

  • Register for the scheme
  • Once you receive your customised portal link, advertise it to your staff by various mediums that we can help you with and TechBenefits can also attend your site to help promote and answer questions
  • Employees can place their orders for you to then approve. Once approved, TechBenefits will invoice you for the products. Once payment is received, the Employees products will be shipped to their nominated address
  • Set up the salary sacrifice payments through your payroll. P11d’s will need to be completed in the subsequent tax year
  • Products are sent to your Employee’s nominated address

 

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What schemes are available?

At TechBenefits, we will help you select which Scheme best suits your Company and Employees:

Gifting Scheme – A salary sacrifice scheme where the ownership of the goods passes to the Employee after the 30 day cancellation period has ended. Employees sign up to a Payment Plan for salary deductions to be made over a 12, 24 or 36 months.

Net Pay Scheme – This is not a salary sacrifice scheme so reduces the administration required. Employees sign a repayment plan that is deducted from their net pay over a 12 month period and they retain ownership of the products at the end.

Hire Scheme – A salary sacrifice scheme where your Employees hire the products from TechBenefits. Employees sign up to a Hire Agreement for salary deductions to be made over a 12, 24 or 36 months.

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Are there tax savings?

The scheme works through Salary Sacrifice. There are no tax savings because it is classified as a Benefit In Kind. This means that the details will need to be reported on a P11d for each Employee that takes part.

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How much work is there for me?

We have tried to make everything as simple and effortless as possible for you. We have designed a paper-free process where Administrators are given access to the portal to see all the orders placed by their Employees and approval is made with the click of a button.

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How do participants apply?

As an Employer, you can sign up your company at anytime and we will create your own customised portal.   This allows your Employee’s to go shopping for the latest tech.

You will need to assign an Administrator contact for the scheme. This person will be responsible for approving all Employee orders prior to shipping the goods.

 

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What if the Employee leaves?

If an Employee leaves their employment before the Salary Sacrifice period has ceased, any outstanding balance will be settled from the final net salary payment.

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What if an employee goes on maternity, paternity or agreed unpaid leave?

Participation in TechBenefits scheme may affect maternity/paternity benefits, your HR Department should provide advice to the Employee before approving their order.

If an Employee takes unpaid leave for any reason during the term of the agreement, payments can be suspended and recommenced on their return to work and the agreement extended accordingly.

 

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Can an Employee cancel their order?

An Employee can cancel their TechBenefits order up to 30 days from the date of delivery of the products.

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What controls can I put in place?

All orders require approval from the Administrator before they can be processed. It is common practice to incorporate spend restrictions for Employees and should you wish, product categories can be limited.

 

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Get in touch

Want to learn more about TechBenefits or have a question about our products?

Drop us a message and we’ll call you back.
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