The cost of commuting to work continues to rise and for some this can be a real burden. So increasingly, employers are looking for ways to make transport more affordable for their employees, to help retain staff.
The commuting loans scheme offers your employees a loan to meet the costs of travelling to work such as rail, tram or bus season tickets and car parking. The loan repayments are made from the employees’ net pay and you can set a maximum loan amount and decide the number of months your employees have to make the repayments.
Improve recruitment, retention and save your staff money through commuting loans with Salary Extras.
- Employees have the option to make savings on the cost of their commute by purchasing a season ticket and/or parking pass, rather than paying monthly or less
- Repayment costs are spread over several months making it more affordable
- Employees have the choice of which travel provider or car park they want to use
- The commuting loan is interest free for employees.
More benefits for you to enjoy
Find out more about how Commuting Loans can benefit you and your employees by getting in touch today.