Tax-free Rewards
Reward your staff with a Perx® reward card up to €1000. 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 benefit up to €1000 in value each year. This tax-free benefit can be paid out in up to two payments per annum up to a total value of €1000 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 €1000 p/a.
Understanding the small print of the Small Benefit Scheme
- The Small Benefits Scheme allows a gift of up to €1000 to be given to staff or company directors in up to two payments a year.
- The full €1000 benefit can now be given over one or two payments in every tax year, so for example, you can give a Perx® Reward of €300 in April, and then €700 in July.
- The benefit cannot be part of any salary sacrifice arrangement.
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.
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
- 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
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
Order tax-free reward cards now
Our Reward Cards are tax-free:
- Up to €1000 per employee in Ireland
- Up to £50 per employee in the UK, per tax year.
Order today and start rewarding.