
Example Costs/Savings |
Cost of Parking: £1000
|
Cost to Employee: £880
|
Net Saving: £120 |
When can I join the Scheme?
You can join the Scheme at any time throughout the year.
How will a Salary Exchange Scheme affect my pension?
With a company pension your salary and the value of any salary exchange benefits may be considered as pensionable earnings.
Will Salary Exchange for the Parking at Work Scheme affect my Tax Credits?
Most people benefit but, if you are lower paid and claiming benefits or tax credits, before signing up for this scheme you should contact the HM Revenue and Customs for advice - Telephone 0845 300 3900, to check how using the Parking at Work Scheme could affect your situation.
What happens if I leave employment or no longer need my parking permit/ticket?
If you leave before the end of the salary exchange period, you must pay the balance of the amount outstanding and this will be deducted from your final net pay. If you no longer need the parking space, Gemelli will endeavour to obtain a refund on your behalf. (Pls Note: Not all Car Park providers will offer refunds).
What happens if I am off work?
If you are off work due to maternity, sick leave, etc. you may continue the salary exchange deductions. The exceptions to this are if the deductions take you below the National Minimum Wage or if you stop receiving salary and as a result do not have any earnings from which the salary exchange can be deducted. If deductions cannot be made your employer will suspend payments until you are earning again.
Will the Salary Exchange Scheme affect my application for loans or mortgages?
The lender will write to your employer for a reference and they will be provided with details of your Notional Salary which the majority of lenders will accept.
What if I also want to participate in other Salary Exchange Arrangements?
You will be able to participate in all schemes, provided you meet the rules of entry for each scheme and the reductions for your chosen salary exchange options do not take your salary to a rate below the National Minimum Wage.
Where can I park?
Gemelli work in partnership with national and local car park providers and local authorities. Gemelli will be able to assist in locating a suitable car park close to your place of work.
What happens if I loose my parking ticket/permit?
Contact Gemelli on 01280 851113 as soon as you are aware. Each Car Park provider has different Terms and Conditions which we will make you aware of. Most do charge a small replacement fee which you will be liable for.
Can I use the Scheme for station parking?
HMRC rules stipulate that the parking must be “at or near to the place of work” therefore if the station car park is not within a short walk of your place of work they cannot be included.
Do I have to use the Car Park closest to my place of work?
No, as long as the car park of your choice is within a reasonable distance of your place of work.
Can I use the scheme to pay for facilities to park a Motorcycle or Bicycle?
The Scheme can be used for any parking space for a car, van or motorcycle or facilities for parking a bicycle at or near the employee’s workplace.