Leisure time vouchers
The profitability of leisure time vouchers in view of the employee.
Do you know that by delivering vouchers the real income of employees is by 49% higher than by getting the same financial reward?
Calculate how much you will get
Example from experience
The employer has been making decision between financial reward of 5000 CZK and the same benefit in the form of vouchers for holiday, culture, sport, vitamins, health care or education courses.
Comparison of voucher profitability as against financial reward in view of the EMPLOYEE | ||
| Money | Voucher |
Income raise (gross salary or voucher delivery, e.g.HolidayPass) to the extent: | 5 000 CZK | 5 000 CZK |
Social insurance deduction of an employee (5 000 x 8 %) | 400 CZK |
|
Health insurance deduction of an employee (5 000 x 4,5 %) | 225 CZK |
|
Pay-roll tax [(5 000-400-225) x 21,3 %] | 1 010 CZK |
|
Employee will get | 3 365 CZK | 5 000 CZK |
By using the vouchers the real income of the employee is higher by: | 49 % | |
* Tax rate of 21,3 % represents the marginal rate for taxation of the average salary amount to the extent of 19030 CZK (proclaimed 9.3. 2006) raised by 5000 CZK from the net income using the tax abatement amounting to 600 CZK.