Tax Efficient Perks You Must Ask Your Employer For


Bangalore: For employees the benefits go beyond salaries to include lifestyle perks such as company accommodation or club membership. But here we are not talking about lifestyle perk but certain useful benefits you should receive as an employee. Because time has changed, people don’t spend their entire career in just one company retiring with full pension and benefits for life. Infact by the time you reach the age of 50 you would have changed atleast 5 employers. So take an advantage of this, your employer will definitely not want to lose you if your skills are marketable.

Here is a list of things you can try asking your employer for, either at the negotiation table before you take a new job, or at an annual review when you have demonstrated that you are an excellent employee.

Raise

Everyone asks for a raise. And they would have tried doing this atleast once in their career period. The higher your income, the more tax you pay, and at times it is a small raise to the next tax bracket that means less take-home pay than before. But on the other hand your employer reduces your salary for specific benefits like pension contributions, gym membership. It is only the basic-rate taxpayers will benefit from having access to extras which otherwise is afford, while higher-rate taxpayers can cut a chunk off their income tax bill.