To answer my own question - just chatted with a lady from Clevercards. Seems straightforward - it’s a digital Mastercard so can be used anywhere that accepts Mastercard. 2% fee to purchase (i.e. that’s the cost to employer) but no other costs/charges. That’s what annoyed me about One4All - they start charging people a monthly fee after a year on the card. Employees get a link to the card and then load it onto the digital wallet on their smartphone
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I’ll pass on your feedback to the OneForAll chaps. He’s front page of better business magazine this issue i believe…
We’ve used Perx incentive cards the past few years, same idea as clever cards, works the same as any debit card.
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If i own a company how much can i give a giftcard for tax free? And could i gift myself one? Hypothetically…
You can now give an employee a Tax free voucher gift up to 1,000
I’m not sure if you can do it for yourself as self employed/owner.
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500 I think.
It’s 1000 now, was brought in at the last budget.
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Could you find out.?
Looks like you can
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All our lads got all gifts vouchers. Very cumbersome. You literally have to download the voucher of any store you want to spend it in. I gave mine to the wife and she had to go through who accepts them and who didn’t
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Yeah, you definitely can. It applies for anyone who is on the payroll of the company.
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It’s a pretty good deal all round. No PAYE/USC/PRSI for the employee and no PRSI for the employer
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Perx is basically just a debit card with cash on it is it? So way way better than one4all?
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Ya that’s it. It’s way way better. You can use it online etc. It’ll be like you are just putting 1000 straight into a different current account.
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Tax deductable for employers too as a cost
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Shur you can’t be going to an argument with Revenue with “earmarking” ffs, they will go to town on you.
And the father is a solicitor, he should be ashamed of himself.
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This is good news. Well done to Revenue, I’m sure that money will be put to good use.
I wonder what the “sporting achievements” were?
If I had to stick my neck out I’d go with schools rugby.
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That or Ultimate Frisbee