Tax-free rewards up to €500
Reward your staff with a Perx reward card up to €500. Perx reward cards are tax-free under the Small Benefits Exemption scheme in Ireland.
Similarly in the UK, you can reward every employee in your company up to £50 with a Perx Reward Incentive Card tax-free under the HMRC's Trivial Benefits Allowance.
Perx and the Small Benefits Scheme
Perx rewards can be used as part of the Small Benefits Scheme in Ireland.
Under the Small Benefits Scheme, company directors and employees can receive a bonus up to €500 in value each year. This bonus is a once-off, tax free benefit and cannot be given as cash or through payroll but it can be in the form of gift cards including vouchers.
This is where Perx comes in.
Perx Reward cards are fully compliant with the Small Benefits Scheme. While our Reload card has a chip and PIN, Perx Reward is swipe and sign only and does not allow for ATM or cash back access. This means it does not count as cash and can be loaded, tax-free with up to €500.
Perx and the HMRC Trivial Benefit for your Employees
Perx rewards can be gifted to your employees, tax-free up to the value of £50 or less under the HMRC Trivial Benefit allowance.
The gift cannot be linked to performance and other terms apply.
The Benefits of Perx Rewards
Perx Rewards are staff gift cards for end-of-year giving, celebrations and other milestones.
- Spend at 53 million locations worldwide
- Load in GBP or Euro
- Swipe and sign
- Spend online
- Spend in-store
- Cardholder login
- Balance check
- Powered by Mastercard
- Travel Benefits
Understanding the small print of the Small Benefit Scheme
- The Small Benefits Scheme allows a gift of up to €500 to be given to staff or company directors once a year.
- The benefit can only be given once in every tax year, so for example, you cannot give a Perx Reward of €300 in April, and then €200 in July.
- If you give more than €500 on your Perx Reward card or any staff gift voucher then the full-face value amount will be subject to tax
- The benefit cannot be part of any salary sacrifice arrangement.
Understanding the small print of the HMRC Trivial Benefit Allowance
- You don’t pay tax if the benefit for your employee costs you £50 or less to provide
- The benefit cannot be a cash or a cash voucher
- The reward is not linked to the employees work or performance
- The benefit is not in the terms of their contract