Can I make a suggestion? £5000 tax free 10


In the current economic climate every business needs to look for new ways to improve but few businesses take advantage of the HMRC approved schemes

http://www.hmrc.gov.uk/paye/exb/a-z/s/suggestion-schemes.htm

Basically there are 2 types of award:

Encouragement Awards where the employer can pay £25 tax and NI free

Financial Benefit Awards where employees can be paid up to £5000 tax and NI free

Financial benefit awards are exempt from tax and NICs up to the greater of the following, subject to an overall limit of £5,000:

  • 50 per cent of the financial benefit you reasonably expect the suggestion to lead to in the first year following its adoption
  • 10 per cent of the financial benefit you reasonably expect in the first five years following adoption

Sounds like a win win to me

steve@bicknells.net

10 comments

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  2. Hello Webmaster, I noticed that https://stevejbicknell.wordpress.com/2011/10/02/can-i-make-a-suggestion-5000-tax-free/ is ranking pretty low for some keywords, this may be due to the new Google Panda update, or it could be due to a variety of other factors. I’m sure you already know about On-page SEO, where Google cares highly about proper formatting of various H1/H2/H3 tags, having your main keyword appear in the beginning of your post and having your post end with the keyword, along with having keyword related alt tags and very relevant LSI. However, you do not seem to have the proper Keywords or relevant Keywords in your posts and in the website. Right now you need a tool or plugin that will allow you to check on Keyword insights, search trends and check for backlink analysis and to find out your Keyword competition. To find a Keyword Plugin that combines both Keyword Research and has the ability as a Rank Checker is what WordPress Seo Keyword, please check out our 5 minute video.

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