1. Tangible Gifts as Tax-Efficient Employee Rewards
Small Benefit Exemption Scheme
Long Service Awards Allowance
Case study with tangible gifts as rewards

2. Small Benefit Exemption Scheme
Revenue allows one, non-cash benefit per employee, per year, up to the value of €500.
Tangible gifts are eligible for the Small Benefit Exemption.
Cash
Vouchers
Gifts
Allowance
Taxed
Tax-free
Up to €500
PAYE, PRSI or USC do not need to be applied to the benefit

3. Long Service Awards Allowance
Revenue also offers generous tax relief on Long Service Awards, when the awards take the form of tangible gifts.
The allowance is €50 for each year of service, starting at 20 years and every 5 years thereafter.
Length of Service
Cash
Vouchers
Gifts
Allowance
20yrs
Taxed
Tax-free
20 x €50 = €1000
25yrs
25 x €50 = €1,250
30yrs
30 x €50 = €1,500
35yrs
35 x €50 = €1,750
40yrs
40 x €50 = €2,000
PAYE, PRSI or USC do not need to be applied to the benefit

4. Long Service Awards – Revenue Rules
The award is made to mark long service of not less than 20 years
The award is a tangible item (that is, not vouchers, bonds or cash) e.g. TV
The cost is not more than €50 for each year of service
No similar award has been made to the employee within the previous five years.

5. Grafton Merchanting ROI
Irelands largest Builders/Plumbers Providers
Strong portfolio of brands
1,250 employees nationwide
Operation for over 100 years - 50 locations nationwide
Annual turnover of over €300 million
Strong local presence and a customer focused culture

6. Programme Objectives
Recognise long serving employees with 10, 20, 30 & 40 years of service
Embed a valued benefit to support employee retention
Remove the monetary value associated with the award
Drive local engagement with managers and employees
Educate managers on the value of employee recognition

7. Loyalty Programme
Customised and branded programme on RewardNet®
Distributed letters to employees with unique login details
Selected gifts are delivered to the various locations
Supported by a national communications plan from HQ

8. Points: flexibility & choice

9. Premium gifts

10. All in a day’s work …
Orders fulfilled from our dedicated warehouse facility
Source gifts directly from brand manufacturers and distributors
We make it easy for companies to give their employees a choice of tangible gifts

11. Thank You! Ann Lyons Managing Director Gift Innovations
Tel:
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