Travel Salary Sacrifice – unbeatable savings on holidays, explained
Travel Salary Sacrifice is an easy way for your employees to save money on flights, hotels, package holidays, cruises – and much more.
These savings can make a huge difference to your team’s quality of life, as well as boosting productivity and retention for your organisation. That’s why we call Travel Salary Sacrifice a high-impact employee benefit.
So let’s take a look at what makes it so good.
What is Travel Salary Sacrifice?
On average, people spend 8% of their income on holidays and travel. It’s a huge expense for many households and Travel Salary Sacrifice can make a real difference.
- Members-only pricing on flights, hotels, package holidays and more
- Plus up to 8% additional savings via National Insurance
- All major airlines and destinations are available
- Spread the cost over 12 months, interest-free
There’s something here for all your employees – with a wide range of holidays to choose from…
- Hotels
- Flights
- Package holidays
- Cruises
- City breaks
- Skiing trips
- Safaris
- Airport parking and lounges
- Plus much more
What makes Travel Salary Sacrifice such a high-impact benefit?
When we talk about Travel Salary Sacrifice being a high-impact employee benefit, we’re talking about how much value it brings to your employees and your organisation. With broad appeal and substantial savings, Travel Salary Sacrifice is one of the most powerful benefits you can offer your team.
- The combination of members-only pricing and National Insurance savings means everyone can benefit from Travel Salary Sacrifice, regardless of earnings.
- Employees can spread the cost of holidays over 12 months, interest-free – helping them manage their finances without using expensive credit cards or loans.
- Travel Salary Sacrifice is a particularly “sticky” benefit. It’s a great way to improve staff retention as your employees are financially incentivised to remain at your organisation until they’ve fully paid off their holiday budget.
- Helping your people unwind properly is an effective way to reduce employee burnout. Travel Salary Sacrifice allows your employees to make better use of their time off, instead of compromising on their holiday plans.
How does Travel Salary Sacrifice work?
One of the best features of Travel Salary Sacrifice is how easy it is for you and your employees to use. Here’s a quick look at the process from start to finish.
- Your employees opt-in and request an annual holiday budget
- Employees don’t need to spend their budget in one go – they can split it across multiple holidays
- Budgets are valid for 18 months – so your employees can stack them for bigger, more expensive trips
- Employees can top-up and pay the difference if their budget doesn’t cover the full cost of their holiday
- You review and approve/decline all budget requests
- Employees can use their budgets immediately to book holidays from your exclusive members-only website, or over the phone
- Employees pay for their budget in 12 equal, interest-free installments – taken directly from their salary
- Your organisation is invoiced when budgets are approved – funds are kept in a protected trust account