Commuter Scheme
What is a Commuter Scheme?
A commuter scheme is an employee benefit that creates efficient ways for employees to fund the cost of their commute. This may involve offering loans to pay for season tickets or payroll-facilitated tax benefits. It is distinct from a commuter allowance, where employers cover the cost of an employee’s commute to work.
Benefits to Employer
Commuter schemes typically incur no additional cost to the employer and require minimal administrative effort, while providing employees with a cheaper and more convenient way to manage their commute. By proactively informing employees about potential savings or tax relief related to commuting, employers demonstrate an awareness of cost-of-living challenges. These schemes also encourage the use of sustainable transport and help to reduce issues like absenteeism and lateness.
Benefits to Employee
Commuter schemes are designed to help employees reduce commuting costs. By having employers support tax administration or offer loans, employees can manage their commuting expenses more effectively. Features like automatic processing through payroll make these schemes a convenient benefit. When involving public transport, they also promote a sustainable lifestyle.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
