€500 Tax-free with Perx® Reward
With December right around the corner, it’s time to start organising the perfect Christmas gift for your dedicated employees to thank them for all their hard work this year. And what’s more perfect than a Perx® Reward card?
One of the perks of Perx® Reward cards is that they can be used as part of the Small Benefits Scheme in Ireland.
Under this scheme, company directors and employees can receive a bonus of up to €500 in value each year.
This bonus is a once-off, tax-free benefit and cannot be given as cash or through payroll. But it can be given in the form of vouchers or gift cards — like a Perx® Reward card!
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 €500.
While you can top up Perx® cards anytime throughout the year, it’s important to note that the tax-free benefit can only be given once a year.
So, if for example, you top up a Perx® card with €250 in March, you cannot take a further €250 later in the year. Therefore, to maximise the tax relief available, you should take the full €500 voucher.
You can avail of the scheme once each year, and what better time to get it than at Christmas?
Sign-up here or talk to our team today 01-2557112