Why offer this benefit?

Replacing the cost

If white goods such as a washing machine, fridge or cooker need replacing the cost may have a real impact on your employees’ finances, particularly for those with children where such everyday items are often seen as essential.

Latest white goods

This benefit enables employees to access the latest white goods from Curry’s without incurring upfront costs or taking on personal credit often at high rates of interest rates and repay the cost over 12 months through their salary.

Reduce bills

This benefit can really help with the cost-of-living crisis whether employees need to replace white goods in the event of mechanical failure or even to upgrade to newer more energy-efficient models to help reduce their bills.

About White Goods Benefit

This scheme allows employees to choose White Goods.

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How it works

This scheme allows employees to choose White Goods including:

Laundry – Washing Machines / Dishwashers/ Tumble Dryers
Floorcare – Vacuums Cleaners / Washer-Vacs / Robot Vacuums
Cooking – Ovens, Hobs and Microwaves
Refrigeration – Fridges /Fridge – Freezers / Freezers

The company buys the White Goods requested and the employee repays the cost over 12 equal monthly instalments from salary. To apply, employees enter the details of the make and model they require into the benefits platform and once the order has been approved by your business it will be delivered by the provider. Employees can also include the costs of installation and the disposal of old appliances in with their order. There are no charges for delivery, the only things employees cannot include are extended warranties which they can buy directly from the supplier. Your business can set a spending limit on the value of the white goods employees can order.

Set-up requirements

Employer confirms the limits they wish to allow employees to spend up to on White Goods, the system can also allow employees to order a single item or multiple items up to the agreed overall limit. As with any benefit, the employer retains the right to approve / decline orders as your business sees fit.

How is it paid for?

The Employer pays for White Goods and the employee repays your business over twelve equal monthly deductions from salary. If the employee leaves during the repayment period any outstanding amount is recovered from the final salary.

Tax status

If operated through salary sacrifice then the employee saves NI at 8% or 2%, depending on their personal rate of tax and BIK charge applies (this is the most common approach). This benefit can also be facilitated as a Net deduction with no BIK (employee does not make NI savings).

Interested in employee benefits? Let us guide you through the next steps.

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