Flexible and voluntary benefits

Flexible and voluntary benefit arrangements help allow you to offer a range of benefits valued by your employees, which may also reflect your organisation’s culture. An arrangement could include group protection benefits alongside other benefits such as childcare vouchers and gym membership.

You or the trustees you’ve chosen  will always be the policyholder. You must decide:

  • which products you want to include in your flexible / voluntary benefit scheme,
  • the minimum level of each benefit you wish to provide (we call this core  benefit), and
  • the options an employee has for making changes to their benefits.


Advantages of flexible and voluntary benefits

  1. Choice

    • Employees choose how much they want of each benefit, within the rules of the scheme.
    • As the employee's needs change, they could adapt their benefits so they remain relevant.
  2. Range

    You can offer a wide range of benefits to appeal to the diverse needs of your staff.

  3. Engagement

    Employees have a greater awareness of the benefit package you’re providing and its value.

  4. Costs

    • Helps you  control costs because:
      • the amount you  spend can effectively be 'ring fenced'.
      • less is spent on benefits employees don't want.
    • Where salary sacrifice can be used, National Insurance (NI) savings could be made for you and your employees.
  5. Integration

    Very useful if you’re merging with another employer as it can be an easier way to integrate reward packages.

Our products pages help provide an overview of what we can cover and how we assess claims and the options available.

We also include access to an award winning Employee Assistance Programme (EAP) provider, Health Assured who can help by providing personalised support around the clock for all your employees. Your employees will be able to have access to support, whether they’re covered by us or not. Find out more about our EAP here.

We'll continue to provide cover and pay any valid claims as long as premiums are paid and the policy terms are met. There are some circumstances where we won't provide cover. You can find out more in our technical guides.

For more information and links to the appropriate technical guides, please see PDF file: A guide to flexible and voluntary benefits PDF size: 270KB .