UHY Hacker Young | Chartered Accountants

Employee benefits

We can recommend and manage a cost-effective employee benefits scheme to help you to recruit, motivate and retain your staff.

Your people are your greatest asset. Their individual abilities are ultimately what will give your organisation the edge in today’s competitive business environment. So the recruitment, motivation and retention of employees are key to your future corporate success.

A generous employee benefits scheme can help you to attract and retain good staff, but many businesses worry about the cost of establishing and maintaining a scheme for their employees.

Working as your partner

We have wide experience of working with clients to build employee benefits schemes and can suggest the most cost effective scheme that’s right for your employees and your business.

Once implemented, we can work as your partner, providing ongoing advice and service at both a corporate and individual level. We offer ‘face-to-face’ unbiased advice for directors, pension trustees and employees alike.

Flexible employee benefits

Increasingly, employees expect flexibility from employers in their provision of employee benefits. Offering a ‘cafeteria’ approach allows employees to decide how to ‘spend’ their benefit allowance, whilst allowing you to maintain control and reduce paperwork.

We can also offer your employees online benefits through a website with your own company branding. The online approach allows employees to check the status of their entire benefits package and shows daily rates for pensions. They can also choose to revise their investment options as frequently as they wish.

We have also assisted clients in negotiating additional voluntary benefits for their employees including discounts on holidays, dental insurance and online shopping. Utilising this online approach allows you to differentiate your benefit scheme from the rest of the competition and provides your employees with a cost effective package that is relevant to their needs.

Our core services

Our major areas of expertise cover:

  • Directors’ or individual pensions – SSAS, SIPP, FURBS
  • employee pension schemes – final salary or defined benefit, money purchase, group personal pension/ stakeholder
  • risk benefits – death in service, income protection, group private medical, critical illness
  • administration for insured and self-administered pension schemes

Free employee benefits review

It’s always good practice to regularly assess your employee benefits provision. We offer a free, no-obligation review. This will provide you with valuable information and possible solutions to any problem areas. At the very least, we will confirm whether your current employee benefits are appropriate, relevant and how well they match your business needs.

The next step

If you would like to discuss the employee benefits services we can provide for your business in more detail, please contact your usual UHY Hacker Young partner, or complete our contact form.