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An employee benefit trust is a trust set up by a company to provide benefits for some or all of its employees. The company will pay money into the trust and the trustees will pay it out later to the employees. In the meantime they will invest it (often in shares of the company).
Employee benefit trusts are often used as part of employee share schemes or to pay deferred bonuses to high earning employees.
They have also been used in other ways designed to avoid or defer income tax or national insurance. However this has now been clamped down on.
What else can I help you with?
What is an employee benefit?
An employee benefit trust is a trust set up by a company to provide benefits for some or all of its employees. The company will pay money into the trust and the trustees will pay it out later to the employees. In the meantime they will invest it (often in shares of the company). Employee benefit trusts are often used as part of employee share schemes or to pay deferred bonuses to high earning employees. They have also been used in other ways designed to avoid or defer income tax or national insurance. However this has now been clamped down on.
What is the most common type of employee benefit?
Health care is the most common type of employee benefit.
Can an employee take their life insurance policy with them when they leave the company?
It depends on what the employee benefit plan provides. You need to check the employee benefit handbook.
Which of these is not involved in employer-to employee trust?
the employee's honesty
Which if these involved in employer to employee trust?
The employee's criticism of the employer
What must happen before an employee allows an employee to make independent work decisions?
The employer must trust the employee.
What portion of total compensation do employee benefit packages run?
Benefit packages usually make up between 30 and 40 percent of an employee's total compensation for employment,
What is fringe benefit tax?
It is the taxation of most, but not all fringe benefits, which are generally no-cash employee benefit.
A defined contribution plan is part of which employee benefit?
retirement
What determines the dollar amount of a retired employee's monthly Social Security check?
The number of fiscal quarters the employee worked during his or her lifetime and the amount of money the employee contributed to the Social Security Trust Fund
How does an effective leader empower an employee?
By granting an employee the trust and responsiblity to indicate and complete an assigned task.
An employer asks an employee that I can count on you to?
If an employer asks an employee if that employer can count on him or her, the answer should be yes. An employee must be reliable in order to benefit the employer.
