Swirl Ireland's Favourite Prepaid Mastercard

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calculating tax free savings from the small benefits scheme

What is Ireland's Small Benefit Exemption Scheme?

The “Small Benefit Exemption Scheme” also known as the “Small Benefit Scheme” allows employers to provide a tax-exempt benefit to Irish employees each year that are not subject to any Benefit-In-Kind (BIK) tax liability – either for the employee or the employer. Through the scheme, employers can now award each employee with up to 1,000 per year across two qualifying benefits, such as gift cards. (This amount was raised from €500 in 2022) The combined value of the two benefits cannot exceed €1,000. Tax-free vouchers or benefits can be used only to purchase goods or services. They cannot be redeemed for cash. 

Leveraging the SWIRL Employee Gift Card: A Strategy for HR Success

Flexibility and Choice

SWIRL Employee Gift Cards offer unparalleled flexibility, allowing employees to choose how they want to use their reward. From shopping and dining to entertainment, these cards cater to the unique tastes and preferences of every employee, making the gesture of appreciation all the more meaningful. You can see more benefits of our employee rewards cards by clicking here.

Ease of Employee Gift Card Rewards Implementation

For HR managers, the ease of implementing gift card reward programs is a game-changer. SWIRL streamlines the process, offering a hassle-free way to distribute rewards, thus saving time and administrative costs while ensuring a smooth and efficient recognition process.

Tax-Efficient Rewarding

The tax benefits associated with company vouchers and gift cards in Ireland present an opportunity for organizations to maximize their reward strategies. SWIRL Employee Gift Cards are compliant with the revenue small benefit scheme, offering a cost-effective solution for rewarding employees. 

Personalization and Impact

The ability to personalise employee gift cards amplifies their impact. Accompanying a SWIRL Gift Card with a personalized message can deepen the employee’s sense of being valued, turning a simple reward into a powerful token of appreciation. 

SWIRL Gift and the Small Benefit Scheme

Our SWIRL Gift cards are compliant with the Revenue Small Benefit Scheme as they cannot be used to withdraw cash from ATMs or cannot be redeemed for cash. Cards can be loaded with amounts up to €1000 and employees can use them to make payments for goods and services online and in stores worldwide.