EML Perx® Reward Card Helps Employers Ease the Cost of Living in Ireland
The Government in Ireland has doubled the existing employer incentive for tax-free staff rewards as the country feels the impact of the cost of living crisis.
Perx® Reward from EML Payments Limited (ASX: EML) is enabling its employer clients to reduce the current cost of living crisis by rewarding their employees tax-free by up to €1,000 in the countdown to Christmas.
Currently, energy costs, food price rises, interest rate hikes and the overall increase in everyday living expenses are having an impact. The Consumer Price Index in Ireland has increased by 8.7 per cent in the year to August 2022*, according to the Central Statistics Office.
Perx® Reward cards provide an easy to use and personal experience for companies to reward their employees.
''Just Eat has been using Perx® to reward staff for over 7 years. For us, it's a simple and effective way to give back to our teams and encourage the highest performance. I highly recommend Perx. The reward cards are easy to manage, very quick to deliver and most importantly, our staff love them,'' explained Amanda Roche-Kelly, Managing Director Ireland at Just Eat.
In Ireland, companies, business owners, senior management, human resource professionals and small to medium sized businesses that have already given their people an award of up to €500 pre-budget this year can give an additional award of up to a combined value of €1,000 by the end of the calendar year - completely tax-free for employees, while also saving employers Pay Related Social Insurance (PRSI) costs.
''We understand employees are a company's best asset. For many people, 2022 has been a struggle. Now is the time for businesses to reward staff by way of vouchers in a tax-efficient manner while helping relieve the cost-of-living pressures this winter. It's an empowering way for businesses to say thank you to their people for excellent work in challenging times,'' explained Ailie Kofoid, Group Executive, Gifting at EML Payments.
Perx® Reward qualifies under the Irish Government’s Small Benefits Exemption, whereby employers can reward their employees by way of tax-free vouchers up to the value of €1,000 per employee in a calendar year. Previously, a qualifying award was allowed once per year, with any other awards in the same calendar year subject to tax and PRSI.
Employers should always seek professional tax advice to ensure they comply with the relevant legislation.
Perx® Reward cards can simply be ordered directly from the website with no integration required and custom branded options are also available at: https://perxreward.com/rewarding
*Central Statistics Office, Consumer Price Index August 2022, released on September 8th, 2022 https://www.cso.ie/en/releasesandpublications/ep/p-cpi/consumerpriceindexaugust2022/
About EML Payments
EML Payments provides an innovative payment solutions platform, helping businesses all over the world create awesome customer experiences. Wherever money is in motion, our agile technology can power the payment process, so money can be moved quickly, conveniently and securely. We offer market-leading programme management and highly skilled payments expertise to create customisable feature-rich solutions for businesses, brands and their customers.
Come and explore the many opportunities our platform has to offer by visiting us at: EMLPayments.com
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Press Relations contact:
Marie O’Riordan, Global Director of Public Relations
+353 87 39 333 71
€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
Perfect Makeover: Goodbye PerfectIncentive, Hello Perx®
We are very excited to announce the launch of our fresh new brand and name. PerfectIncentive is no more. Say hello to Perx®!
Our brand-new website perxreward.com is fully operational and ready to serve you, our customers, for a long time to come.
A lot has changed since we sold our first PerfectIncentive card in 2010. Over 3,000 business customers have spent millions of euro rewarding their people with us, and we have grown into a bigger and bigger business to support this colossal growth. Last year alone, we helped Irish businesses give over €25.3 million in rewards to their staff.
To reflect our success, we have launched our new name, and fantastic new look.
For existing customers, never fear, we may have a new look and new name but everything else is the same. All our PerfectIncentive cards are still valid and your login, passwords and ordering processes have remained exactly the same. Simply log in through the Perx® website, perxreward.com, to access everything as before.
New customers can sign up to new subscription options and order cards now. You can also login or register your card as a PerfectIncentive or Perx® customer.
We hope you like Perx® and the brand-new website. Have a look around and remember, if you have any questions, get in touch with us at 01-2557112 or contact us.