Choose Your Own Device Scheme
Our CYOD scheme is designed to provide choice, flexibility and savings.
With a dramatic increase in technology consumerisation we developed our Choose Your Own Device (CYOD) Scheme to enable employers to give their employees access to the latest technology in the workplace, while reducing the direct costs normally associated with such high capital expenditure through a fully managed and tax efficient process.
By working with you we will assist in deciding what technology is compatible with your internal systems so the choice employees have is an approved choice, removing the risk from non-compliant technology being used in the workplace. Once the devices have been confirmed they will be added to the CYOD scheme portal and using salary sacrifice employees agree to give up a portion of their salary in return for the device of their choice.
Our fully managed service administers the scheme for you at no cost to your business, and your employees will benefit from full PAYE and NIC reductions, corporate pricing and finance rates, not high street, and importantly won’t have to go through any intrusive credit checks, while saving up to 50% on equivalent high street prices. The CYOD Scheme has proven extremely popular with employees who can for a regular monthly contribution finally use the technology they’ve always wanted in the workplace for a fraction of the cost in the high street.
As well as the positive impact our CYOD Scheme will have on your capital expenditure and employee satisfaction and retention rates, you will also benefit from substantial employers Class 1A NIC reductions on the total amount sacrificed by employees.