Employment Tax

 

holiday pay fund

As a result of the October 2007 pre-budget report, fund managed holiday pay schemes have now been limited to the construction industry only. These schemes involve holiday pay being paid free of National Insurance Contributions (NIC), saving money on a company's annual wage bill. Typically a company can save between 1 and 2% of base payroll costs by operating such a fund. Employees benefit too, with, on average, a 1-1.5% increase in net pay.

PES has successfully managed Revenue approved schemes since 2005, and has been working with construction companies since it was founded in 2001.

Click here to download the PES Holiday Pay Fund flyer. Alternatively call Andy Bradley on 0845 450 9110 or email andy@pesconsulting.co.uk to find out more about our fund.

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