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SMALL BENEFITEXEMPTION
SCHEME
The Small Benefit Exemption
Scheme means that employers
can reward their employees with
an annual bonus of up to €500completely taxfree.
HERE ARE 3 KEY THINGS TO BEARIN MIND THIS BONUS SEASON.
Bonus Must Be Paid inNonCash Form
Employers typically opt for gift
cards, but there are other
means to offer employees non
cash bonuses.
FOLLOW US!
@Allgo Rewards
www.allgo.ie
Only One Bonus PerEmployee Per Year Only one taxfree benefit can
be given to an employee in
one tax year, even if you do
not take the full €500.
Both Employer andEmployee Benefit Neither the company nor the
employee will pay PAYE, PRSI
or USI, potentially saving
€653.65 in tax.