Tax-Saving Benefits on Work Related Training

Tax-Saving Benefits on Work Related Training
Investment in professional development is always worthwhile, even though there are often costs involved. So imagine how much easier it would be if there was a way to help offset some of that expense – and enjoy a few other benefits along the way.With the Gemelli Save As You Learn and Professional Fees & Subscriptions Schemes, employers and employees are able to do exactly that!

Save As You Learn
The Gemelli Save As You Learn Scheme enables employees to invest in work-related training and study, allowing them to further develop their job-related skills, and with a view towards career progression within their current or potential future role. It’s a tax and National Insurance saving benefit operated on a salary exchange basis, to undertake educational courses and vocational training that are work-related.

Benefits

• Savings of between 32% and 47% (via tax and National Insurance Contributions) on the cost of courses, training, assessments/examinations and related costs.
• Opportunity to develop new or enhance existing work-related skills and knowledge, and/or undertake refresher training.
• Encourages professional development and subsequent career opportunities.
• Option to spread the course/training cost over 12 months.
• Can be delivered internally or externally.
• Range of access available (e.g. direct, self-tuition, internet-based, distance learning).
• Reinforces company’s commitment to staff training and career progression.
• Fosters two-way commitment between employer and employee.
• Supports strong recruitment, retention and succession planning.​

​Professional Fees & Subscriptions Savings
The Gemelli Professional Fees & Subscriptions Scheme is available to any employee who is required to pay for their professional membership (as recognised by HMRC) that is part of their employment – and directly relevant to the job that they currently do. Also operated on a salary exchange  basis, this scheme provides tax-saving and National Insurance benefits on annual fees and subscriptions.

Employee Benefits

• Financial support for mandatory governing body membership.
• Savings of between 32% and 47% (via tax and National Insurance Contributions) on the cost of professional subscriptions, licences and fees.
• Maintains professional registration, competencies and up to date knowledge of industry innovations.
• Option to spread the annual cost over 12 months.
• No need to declare on Tax Return.

Employer Benefits

• Savings made on Employer National Insurance Contributions.
• Reinforces company’s commitment to staff training and maintaining professional standing.
• Increases employee motivation and engagement.
• Supports strong recruitment and retention.
• The scheme is completely self-financing.
• Minimal administration – Gemelli takes care of the paperwork!

The Gemelli Save As You Learn and Professional Fees & Subscriptions Schemes recognise the importance of continuing professional development within the workplace.By facilitating tax-savings and ensuring that staff receive and maintain their training competencies and/or professional status, it consistently proves to be a highly cost-effective way for businesses and their employees to mutually prosper.

Contact us today
Call us now on 01280 851113 if you have any questions and would like to discuss the schemes in more detail, or email us.